An Analysis and Aging of the Accounts Receivable of Hugh

question 115

Multiple Choice

An analysis and aging of the accounts receivable of Hugh Company at December 31 revealed the following data: The cash realizable value of the accounts receivable at December 31, after adjustment, is:

• A)$794,000.
• B)$844,000.
• C)$850,000.
• D)$894,000.

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Definitions:

"Yellow-Dog" Contracts

Employment agreements where the employee agrees not to join or support a trade union during their employment.

Norris-LaGuardia Act

A 1932 U.S. federal law that limited courts' abilities to issue injunctions against non-violent labor disputes and encouraged collective bargaining.

Taft-Hartley Act

The Taft-Hartley Act, officially known as the Labor Management Relations Act of 1947, restricts the activities and power of labor unions in the United States.

NLRB

The National Labor Relations Board, a federal agency in the United States that enforces labor laws in relation to collective bargaining and unfair labor practices.