Which of the Following Is Not an Income Statement Element

question 30

Multiple Choice

Which of the following is not an income statement element?

• A) Asset
• B) Gain
• C) Revenue
• D) Expense

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Definitions:

Representation Election

This is a procedure where employees vote on whether or not they wish for union representation, sometimes leading to the establishment of a new union presence.

Unionization

The process by which workers form or join a labor union to collectively negotiate with their employer for improved conditions, wages, and benefits.

Salting

A tactic used by unions where union workers get hired at non-union workplaces in order to organize and unionize the employees within.

Union Organizing Tactic

Strategies and methods used by labor unions to encourage and assist workers in forming or joining a union to represent their interests.