Gerhart Is Representing a Large Corporation That Is Trying to Put

question 5

Multiple Choice

Gerhart is representing a large corporation that is trying to put a stop to a grievance by Samson resulting from a disciplinary sanction against him for incompetence. Gerhart hopes to make his argument before the arbitration actually commences and end the matter for all times. Which of the following arguments will most likely achieve this end?

• A) The issue raised falls within of the scope of the collective agreement.
• B) It has recently come to light that Samson stole from the company .
• C) Samson was not really demoted.
• D) Samson was an incompetent worker.
• E) Samson is not, in fact, covered under the collective agreement.

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Definitions:

Deferred Revenue

Income received by a company for goods or services yet to be delivered or performed, recognized as a liability on the balance sheet until earned.

Accrued Revenue

Revenue that has been earned but not yet received in cash or recorded by the accounting system.

Adjusting

The process of making entries in the accounting records at the end of an accounting period to account for items that were not fully recorded.

Accruals

An accounting practice that documents income and expenditures at the time they happen, irrespective of the timing of the associated cash transactions.