The considerations used to determine the appropriateness of a bargaining unit are not legally binding formulas but an exercise in rational examination of the facts of an individual case

Raw materials inventory is made up of those items that are actually sold by the business

Indicate whether the statement is true or false

Which of the following would not appear as a liability on the balance sheet?

a. A labor contract b. A note due to a bank c. Salary due employees at year-end d. Accounts payable