Which of the Following Are Likely to Occur If Congress

question 24

Multiple Choice

Which of the following are likely to occur if Congress passes legislation which forces Carter Manufacturing to depreciate their equipment over a longer time period:

• A) The company's physical stock of assets would increase.
• B) The company's reported net income would decline.
• C) The company's cash position would decline.
• D) All of the answers above are correct.
• E) Answers b and c are correct.

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Definitions:

AFL-CIO

Stands for the American Federation of Labor and Congress of Industrial Organizations, a large federation of unions in the United States representing workers across various sectors.

Federal Government

The central government of a federation, which has specific powers delegated to it by the constitutions or foundational agreements of the member states.

International Labor Organization

A United Nations agency focused on promoting rights at work, encouraging decent employment opportunities, enhancing social protection, and strengthening dialogue on work-related issues.

National Labor Federation

A collective organization that represents trade unions and labor interests at the national level, often involved in policy advocacy and labor rights protection.