In a ________, the company is organized as a group of associates who own shares or units in the

A federal law has a threshold of 15 or more employees. But the state law says you have to apply the federal law if you have 5 employees. Your company is in that state and has 7 employees. Does your company have to apply the federal law?

What will be an ideal response?

In a periodic inventory system, there is no need to record an entry to Merchandise Inventory and Cost of Goods Sold

Indicate whether the statement is true or false