The Patriot Act Requires Organizations with More Than One-Hundred Employees

question 31

True/False

The Patriot Act requires organizations with more than one-hundred employees to give employees and their communities at least sixty days' notice of closure or layoff affecting fifty or more full-time employees.

---

Definitions:

Depreciation Expense

The methodical distribution of a tangible asset's cost throughout its usable life.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from total revenue, often referred to as the bottom line.

Accounts Receivable

Money owed to a company by its customers for products or services that have been delivered but not yet paid for.

Indirect Method

A method of reporting cash flows from operating activities where net income is adjusted for changes in balance sheet accounts to arrive at cash provided by or used in operating activities.