The Equal Pay Act of 1963 is actually part of the Fair Labor Standards Act.
Answer the following statement true (T) or false (F)
True
The Equal Pay Act is actually part of the minimum wage section of the Fair Labor Standards Act (FLSA). Thus, coverage of the Equal Pay Act is coextensive (covers the same groups) with the coverage of the minimum wage provisions of the FLSA.
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Which of the following sets includes only accounting assumptions and conventions?
A) timeliness, prudence, historical cost, and neutrality B) matching, comparability, period of time, and faithful representation C) monetary unit, going concern, relevance, and materiality D) monetary unit, entity, going concern, and recognition
Normal balances are the side that increases the account balance
Indicate whether the statement is true or false
The following transactions for the month of March have been journalized and posted to the proper accounts
Mar. 1 The business received $7,000 cash and issued common stock to stockholders. Mar. 2 Paid the first month's rent of $500. Mar 3 Purchased equipment by paying $2,000 cash and executing a note payable for $6,000. Mar. 4 Purchased office supplies for $700 cash. Mar. 5 Billed a client for $12,000 of design services completed. Mar. 6 Received $9,000 on account for the services previously recorded. What is the balance in Accounts Receivable? A) $9,000 B) $3,000 C) $6,000 D) $12,000
Time-series analysis is a statistical approach that relies heavily on historical demand data to project the future size of demand
Indicate whether the statement is true or false