The Worker Adjustment and Retraining Notification Act requires employers of 100 or more employees to give 60 days' notice before closing a facility

Indicate whether this statement is true or false.

Answer: TRUE

Business

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Genesis Company buys equipment for $900 machine on credit. This transaction will immediately affect the

A. income statement only. B. balance sheet only. C. income statement and retained earnings statement only. D. income statement, retained earnings statement, and balance sheet.

Business

An accounting record into which the essential facts and figures in connection with all transactions are initially recorded is called the

a. ledger. b. account. c. trial balance. d. none of these.

Business