The general journal is a collection of all accounts and their balances.
Answer the following statement true (T) or false (F)
False
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Intangible assets ________.
A) represent assets for which the market value cannot be determined B) are not recorded in the books because they have no physical substance C) convey special rights from patents, copyrights, trademarks, and other creative works D) All of the statements are correct.
A loss due to discontinued operations should be reported on the income statement
a. before extraordinary items. b. before income taxes expense. c. after net income. d. after extraordinary items.
Executives at Acme Global are concerned that airline workers will go on strike and prevent shipments of products from reaching customers. However, the National Mediation Board is keeping airline management and labor in mediation to avoid a strike. The executives at Acme Global are relieved that the ______ limits the potential for strikes of airline workers.
A. Railway Labor Act of 1926 B. National Labor Relations Act of 1935 (Wagner Act) C. Labor Management Relations Act of 1947 (Taft-Hartley Act) D. Labor Management Reporting Disclosure Act of 1959
A foreign limited liability company:
A) is governed by the laws of the state in which it is organized. B) is considered "foreign" in any state other than the one in which it was formed. C) must register with the Secretary of State before transacting business in that state. D) All of these are correct.