A Transaction Has Been Recorded in the T-Accounts of Horowitz

question 5

Multiple Choice

A transaction has been recorded in the T-accounts of Horowitz Corporation as follows:


Which of the following reflects how this event affects the company's financial statements?

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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Definitions:

Title VII

A section of the Civil Rights Act of 1964 prohibiting employment discrimination based on race, color, religion, sex, and national origin.

Affirmative action

A policy in which an individual's color, race, sex, religion, or national origin are taken into account to increase opportunities provided to an underrepresented part of society.

Sexual harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature that affects an individual's employment, interferes with work performance, or creates a hostile work environment.

Disparate impact

A theory in anti-discrimination law that occurs when policies, practices, rules, or other systems that appear to be neutral result in a disproportionate impact on protected groups.