The first step in the journalizing and posting process is to ________
A) post the journal entry to the ledger
B) identify the accounts involved and the account type
C) decide whether each account increases or decreases
D) record the transaction in the journal
B
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The AFL and the CIO merged in 1955 because:
A. The CIO finally agreed that craft unionism was the most appropriate model. B. They needed to band together to compete with the Teamsters Union. C. The two unions were expending considerable resources raiding each other for members. D. The AFL finally agreed that industrial unionism was the most appropriate model for representing workers.
Motor City, Inc. purchased 63,000 shares of Shaw common stock for $278,000. This represents 40% of the outstanding stock. The entry to record the transaction includes a:
A. Debit to Equity Method Investments -HTM for $278,000. B. Debit to Short-Term Investment-AFS for $278,000. C. Debit to Equity Method Investments for $278,000. D. Credit to Equity Method Investments for $6,227,200. E. Debit to Equity Method Investments for $6,227,200.
Damages awarded for losses that can be determined or measured are
A) special damages. B) general damages. C) punitive damages. D) comparative damages.
The Norris-La Guardia Act prohibited "yellow dog contracts," through which employers coerced their employees into promising they would not join a labor union
Indicate whether the statement is true or false