In 2010, How Many Weeks of Unpaid Family Leave Are

question 121

Multiple Choice

In 2010, how many weeks of unpaid family leave are companies required to give their employees (both male and female) by federal law?

• A) 0 weeks; companies are not required by law to provide unpaid family leave
• B) 2 weeks
• C) 4 weeks
• D) 12 weeks

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Definitions:

Adjusted Trial Balance

A list of all accounts and their balances after adjustments, used to verify the equality of debits and credits and prepare financial statements.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, preparing the company's books for the next period.

Net Sales

The sum a company receives from its sales, after accounting for returns, compensations for damaged or missing items, and discount deductions.

Gross Profit

The difference between the revenue from sales and the cost of goods sold, before deducting overheads, interest, and taxes.