The Family and Medical Leave Act applies to which of the following employers?
a. a government agency
b. a private company with at least 50 employees
c. a private company with at least 25 employees
d. a and b only
d
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The statement of stockholders' equity
a. is one of the required financial statements for the annual report, when changes have occurred in the stockholders' equity accounts. b. shows the changes in retained earnings for the period, which includes the increase or decrease as a result of net income or loss for the period, and dividends for the period. c. includes accounts, such as the retained earnings and common stock accounts, but not changes to the retained earnings account, since those items are reported on the statement of retained earnings. d. is used only if a corporation frequently issues common stock.
In performing a vertical analysis, the base for cost of goods sold is:
A) total selling expenses. B) net sales. C) total expenses. D) total revenues.
The Solomans own a cabin on the south side of Mount Henry. One day, the Solomans told Bennie and Claudia they could live in the cabin and use it as they wished until the Solomans wanted to use it again. Twelve years later, the Solomans informed Bennie and Claudia that they were going to spend the summer at the cabin and that Bennie and Claudia would have to make other arrangements for the summer
Bennie and Claudia claimed that they had acquired title by adverse possession, because they had occupied the property for the period of time required for adverse possession under state law (10 years in that state). Are Bennie and Claudia correct? a. Yes, Bennie and Claudia were living on the property with exclusive, open possession for a continuous period of time for the required 10 years. b. Yes, Bennie and Claudia had the Solomans' permission, therefore the possession was not illegal. c. No, Bennie's and Claudia's possession was with the Solomans' permission and therefore the claim was not adverse to the Solomans. d. No, there was no warranty deed transferred to Bennie and Claudia.
Provide an explanation for each of the follow liability accounts
Account Name Explanation Accounts Payable Accrued Liability Unearned Revenue What will be an ideal response