The Following Is Selected Information from C Corporation for the Fiscal

question 112

Multiple Choice

The following is selected information from C Corporation for the fiscal year ending October 31, 2014. Based on the accrual basis of accounting, what is C Corporation's net income for the year ending October 31, 2014?

• A) $102,000
• B) $86,000
• C) $76,000
• D) $110,000

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Definitions:

Collective Bargaining

The process in which workers, through their unions, negotiate contracts with their employers to determine their terms of employment, including wages, benefits, and working conditions.

NLRB

The National Labor Relations Board, a government agency in the United States that oversees labor practices and enforces labor laws.

Employee Free Choice Act

Proposed U.S. legislation intended to ease the process for workers to form unions by allowing card check certification among other reforms.

First Contracts

The initial collective bargaining agreement reached between a newly formed or recognized labor union and the employer.