The board of directors is responsible for managing day-to-day operations and carrying out the policies established by the chief executive officer
Indicate whether the statement is true or false
FALSE
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If the balance on the bank statement does not equal the balance in the cash account, then it can be assumed that:
a. The company has no errors in its records concerning the cash account. b. The bank has made errors in preparing the statement. c. The company has made errors in is records concerning the cash account. d. There will be items reconciling the difference.
The collection of a $400 account within the 2 percent discount period would result in a(n)
a. increase to Accounts Receivable for $392. b. decrease to Cash for $392. c. increase to Sales Discounts for $8. d. decrease to Accounts Receivable for $392.
The Patient Protection and Affordable Care Act mandated that all employers with more than ______ employees provide their full-time employees with healthcare coverage or face penalties for failing to do so.
A. 10 B. 30 C. 50 D. 100
How are the justices of the U.S. Supreme Court appointed?
A) They are nominated by the president and confirmed by the U.S. Senate. B) They are appointed by the president of the United States. C) They are nominated and confirmed by the Chief Justice of the U.S. Supreme Court. D) They are nominated by the Associate Justices and confirmed by the Chief Justice of the U.S. Supreme Court.