If a Company Uses Special Journals

question 95

Multiple Choice

If a company uses special journals,

• A) it must have one for cash, receivables, and payables
• B) it may have no more than four
• C) the quantity and design depend on the needs of the company
• D) the design must comply with the FASB requirements

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Definitions:

National Labor Relations Board

An independent U.S. federal agency that enforces labor law in relation to collective bargaining and unfair labor practices.

American Federation of Labor

A national federation of labor unions in the United States, founded in 1886, representing workers' interests in various industries.

Wagner Act

A foundational piece of labor legislation in the United States that established the rights of employees to form unions and engage in collective bargaining.

Boycott

A boycott occurs when union members agree not to buy the products of a targeted employer.