Listed Below Are Five Terms Followed by a List of Phrases

question 38

Multiple Choice

Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term.
-Gains

• A)Net outflows from peripheral transactions.
• B)Probable future economic benefits controlled by an entity.
• C)Results if an asset is sold for more than book value.
• D)Increases in equity from the sale of goods and/or services.
• E)All changes in equity except owner transactions.

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Definitions:

Certified Union

A labor union that has been officially recognized and approved to represent workers in bargaining and legal matters.

Wage Negotiations

The process where employees and employers discuss and agree upon the terms of payment for work done.

Decertify

The process of revoking or nullifying the certification of an entity, often used in the context of labor unions.

Bargaining Unit

Group of two or more employees who share common employment interests and conditions and may reasonably be grouped together for purposes of collective bargaining.