Assets purchased on long-term credit contracts should be recorded at the present value of the consideration exchanged.

A revocable L/C is intended to serve as a means of arranging payment but not as a guarantee of payment

Indicate whether the statement is true or false.

Melanie files an employment discrimination suit against Natural Resources Industries Corporation under the Civil Rights Act of 1964 on a disparate-impact theory. To succeed, Melanie must show that members of a protected class are adversely affected by any of the following except the employer's

a. practices. b. procedures. c. tests. d. seniority system.