Executive Order 11246 B

question 2

Multiple Choice

Executive Order 11246 B.as currently used,was signed by President Lyndon

• A)is enforced by the Equal Employment Opportunity Commission for complaints by Federal employees.
• B)Johnson.
• C)does not allow employees to file private lawsuits for violations of the order.
• D)None of the choices are correct.

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Definitions:

Capital Balance

The amount of money that a partner in a business has contributed to the business minus any withdrawals or distributions.

Bonus Method

The bonus method is an accounting approach used in partnership transactions to reflect changes in the capital accounts of the partners when no actual cash is paid out or received.

Capital Balances

Refers to the amount of capital reported on the balance sheet, including funds contributed by owners or shareholders plus retained earnings.

Fair Value

An estimate of the price at which an asset or liability could be traded in a fair transaction between willing parties.