The Older Workers Benefit Protection Act prohibits age discrimination with regard to employee
benefits.
Indicate whether the statement is true or false
TRUE
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A(n) ________ is a document that two or more persons must execute and sign that makes a limited partnership legal and binding.
A. certificate of limited partnership B. articles of partnership (limited) C. registration of intent to partner (limited) D. limited partner mutual assent document
According to the Heritage Foundation, the country with the highest degree of economic freedom is the United States
Indicate whether the statement is true or false
Which of the following is a long-term solvency ratio?
a. Return on equity b. Dividends yield c. Debt to equity ratio d. Payables turnover
The general ledger account for Accounts Receivable shows a debit balance of $50,000. Allowance for Uncollectible Accounts has a credit balance of $3,000. Net sales for the year were $500,000. In the past, 3 percent of sales have proved uncollectible, and an aging of accounts receivable resulted in an estimate of $20,000 of uncollectible accounts receivable. Using the percentage of net sales
method, the entry to record the Uncollectible Accounts Expense would be: A) Uncollectible Accounts Expense 12,000 Allowance for Uncollectible Accounts 12,000 B) Uncollectible Accounts Expense 15,000 Allowance for Uncollectible Accounts 15,000 C) Allowance for Uncollectible Accounts 18,000 Uncollectible Accounts Expense 18,000 D) Allowance for Uncollectible Accounts 20,000 Uncollectible Accounts Expense 20,000