The major piece of legislation outlawing discrimination in employment prohibiting discrimination on the basis of race, color, religion, sex, or national origin is:
A. the Fair Labor Standards Act of 1938.
B. the Employment Retirement Income Security Act of 1974.
C. Title VII of the Civil Rights Act of 1964.
D. the Age Discrimination in Employment Act.
Answer: C
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Dragoo Building Inc. has a crane with a book value of $240,000 and a four-year remaining life. A new crane is available at a cost of $615,000. Dragoo can also receive $48,000 for trading in the old pump. The new crane will reduce variable costs by $145,000 per year over its four-year life. The total impact to Dragoo over the crane's four-year life is:
A. Increase of $23,000. B. Decrease of $48,000. C. Decrease of $13,000. D. Decrease of $615,000. E. Increase of $13,000.
Answer the following statements true (T) or false (F)
Surveys of individual investors have generally indicated a high readership of accounting information.
The difference between an asset's cost and its salvage value is its ________
a. depreciation expense b. accumulated depreciation c. net salvage cost d. depreciable cost
Shareholders of a closely held corporation play a minor role in its management
Indicate whether the statement is true or false