What Is the Formal Name of the Federal Plant-Closing Act

question 26

Multiple Choice

What is the formal name of the federal plant-closing act?

• A) The Clayton Act
• B) The Norris - La Guardia Act
• C) The Worker Adjustment and Retraining Notification Act
• D) The General Agreement on Tariffs and Trade in Europe Act
• E) The Association of Southeast Asian Nations

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Definitions:

Capital Gains

The increase in value of an asset or investment above its purchase price, realized upon the sale of the asset.

Treasury Stock

Treasury stock refers to shares that were once in circulation but have been bought back by the issuing company and held in its own treasury.

Contra

A term used in accounting to describe accounts that have an opposite effect on the account they are related to, used to reduce the balance of the original account.

Owners' Equity

The residual interest in the assets of a company after deducting liabilities, representing the value that belongs to the company's owners.