The Amortization Expense May Be Used for ________ but for ________,The

question 41

Multiple Choice

The amortization expense may be used for ________ but for ________,the Canada Revenue Agency (CRA) requires companies to use Capital Cost Allowance (CCA) as tax version of amortization.

• A) assets valuation; financial reporting purposes
• B) tax purposes; financial reporting purposes
• C) financial reporting purposes; tax purposes
• D) income statement; balance sheet

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Definitions:

Right-to-Work Laws

Under the Taft-Hartley Act, states are permitted to pass these laws, which prohibit the union shop. (Union membership cannot be made a condition of securing employment.)

Landrum-Griffin

Refers to the Labor-Management Reporting and Disclosure Act of 1959, which aims to protect union members' rights and improve union governance.

Union Election

A formal voting process where workers decide whether to be represented by a labor union or not in their workplace.

Taft-Hartley Act

A 1947 U.S. federal law that restricted the activities and power of labor unions, including outlawing closed shops and permitting states to pass right-to-work laws.