Which of the following was the major reason for the formation of the National War Labor Board?
a. to limit the court's injunctive powers against labor organizations
b. to provide employees up to 12 weeks of unpaid leave for family reasons
c. to provide a means of settlement of labor controversies in certain industries
d. to give federal employees the right to bargain collectively and join unions
c
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Gannon Company acquired 8,000 shares of its own common stock at $20 per sahre on February 5, 2012, and sold 4,000 of these shares at $27 per share on August 9, 2013. The fair value of Gannon's common stock was $24 per share at December 31, 2012, and $25 per share at December 31, 2013. The cost method is used to record treasury stock transacations. What account(s) should Gannon credit in 2013 to record the sale of 4,000 shares?
a. treasury stock for $108,000 b. treasury stock for $80,000 and Paid-in capital and treasury stock for $28,000 c. treasury stock for $80,000 and retained earnings for $28,000 d. treasury stock for $96,000 and retained earnings for $12,000
Tying compensation incentives to performance targets decreases the likelihood that the goals of responsibility centers, managers, and the entire organization will be well coordinated
Indicate whether the statement is true or false