Checkoff arrangements are included in the large majority of collective bargaining contracts

A reclassification adjustment is necessary when a company reports realized gains/losses as part of net income but also shows unrealized gains/losses as part of other comprehensive income

a. true b. false

When writing sales contracts, a salesperson should consult with an attorney when:

A. The preprinted form contract does not clearly set forth the agreement terms. B. The seller requests a legal opinion of a buyer's offer. C. The legal description is not available. D. His or her broker has specifically instructed him or her to do so.