What is the term for the systematic allocation of the costs of intangible assets to expense?
A) ?Amortization
B) ?Depreciation
C) ?Impairment
D) ?Depletion
A
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If Tyrol Willow, the sole stockholder of Willow Hardware, withdraws cash of the business to purchase a family car, the business should record this use of cash with an entry to:
A. Debit Cash and credit Cash. B. Debit Dividends and credit Cash. C. Debit Cash and credit Dividends. D. Debit Cash and credit Salary Expense. E. Debit Accounts Payable and credit Cash.
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Indicate whether the statement is true or false
Under workers' compensation, when an employee is accidentally injured on the job:
A) Whether the injury occurred in the course of employment is not relevant. B) A worker can file a normal lawsuit and recover from the workers' compensation board. C) A worker can sue the employer in addition to recovering from workers' compensation, but only if the employer intentionally caused the injury. D) A worker has the choice of whether to file a normal lawsuit or recover from the workers' compensation board.