Unions Tend to Hold Strike Votes to Assess Whether Members

question 108

Multiple Choice

Unions tend to hold strike votes to assess whether members are willing to go on strike for their demands. What does a high vote in favour of a strike (e.g., 95 percent) mean?

• A) Management will most likely have to lock out the union.
• B) The union will definitely go on strike because it has an overwhelming mandate to do so.
• C) Management will lose the bargaining.
• D) The union will have strengthened its bargaining power.

Grasp the concept and implications of dividend declarations and payments.

Identify the different dates relevant in the dividend payment process and their significance.

Understand the reasons and accounting treatment for repurchasing shares.

Recognize the accounting treatments for non-cash considerations in share transactions.

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Definitions:

Prepaid Expenses

Costs for goods or services that are paid for in advance of being used or consumed, recognized as assets on a balance sheet.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and net income.

Accounts Receivable

Outstanding payments due to a company from its clients for delivered goods or services awaiting compensation.

Direct Method

A cost allocation method that assigns service department costs directly to production departments without intermediate steps.