Following Passage of the Americans with Disabilities Act (ADA)in 1990:​

question 22

Multiple Choice

Following passage of the Americans with Disabilities Act (ADA) in 1990:​

• A)many existing schools were retrofitted to meet the ADA requirements.
• B)new buildings were designed to meet ADA requirements, but existing ones were exempt.​
• C)discrimination against individuals with disabilities ended.​
• D)legislators worked to amend the law to include the private sector.​

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Definitions:

Intercompany Profits

Earnings generated from transactions between divisions or subsidiaries within the same corporation, which may be eliminated in consolidated financial statements.

Inventory

The items a business holds for the main purpose of resale or the raw materials used to produce goods for sale.

Management Fees

Fees charged by managers for the operation, management, or administration of a property, fund, or project.

Consolidated Financial Statements

Consolidated financial statements present the financial position and results of operations for a parent company and its subsidiaries as if they were a single economic entity.