The Age Discrimination in Employment Act prohibits discrimination in employment against individuals over the age of 50
a. True
b. False
Indicate whether the statement is true or false
False
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In preparing financial statements, accountants should consider all of the following except:
a. The objectives of financial reporting. b. The characteristics that make accounting information useful. c. The most useful way to display the information found on the financial statements. d. The presentation of the value of a company.
Toppson Corp invested cash in a 9-month certificate of deposit (CD) on October 1, 2016 . If Toppson has an accounting period which ends on December 31, 2016, when would it most likely recognize interest revenue from the CD?
a. On December 31, 2016 only b. On July 1, 2017 only c. Both Dec. 31, 2016 and July 1, 2017 d. On October 1, 2016
Rapp Corporation purchases 75 percent of the stock of Sikora Corporation for $363,000 . Sikora has contributed capital of $200,000 and retained earnings of $284,000 . The consolidated financial statements will contain
a. minority interest and negative goodwill. b. neither minority interest nor goodwill. c. goodwill but not minority interest. d. minority interest but not goodwill.
Wheat and other ingredients used to make bread would be considered what type of inventory?
a. Raw material b. Work-in-process c. MRO d. Finished goods