A limited liability company is a citizen of every state of which their members are citizens
Indicate whether the statement is true or false
T
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Other comprehensive bases of accounting do not include which of the following?
a. Cash basis. b. Tax basis. c. Regulatory basis. d. Intended basis.
A merchandising business
A) that uses a manual accounting system usually uses only two special journals B) that uses a computerized accounting system usually uses only five special journals C) is required to use a computerized accounting system because of the volume of journal entries D) that uses a computerized accounting system usually uses no special journals
A business earns profits when its _______ exceed(s) its _______.
Fill in the blank(s) with the appropriate word(s).
Three employees working for the same company were found to have stolen company cargo. Two of the employees were white, and one was black. The two white employees were fired, but not the black employee. If the white employees sue, the court will most likely decide:
a. for the employer, because the employees were guilty of theft b. for the employer, because the employees were employees at will c. for the employee, because the employer treated him differently based on his race d. for the employee, because his employer was within its discretion to fire some, but not all employees guilty of theft