Answer:
True
Explanation:
An auction is defined as a public sale of properties that considers bids from prospective buyers.
The highest bidder eventually makes the purchase.
The auctioneer calls for bids and when there is an unchallenged bid he pounds the gavel to indicate the item has been sold.
The auctioneer is the seller himself of am agent representing him.
At the start of the auction the seller sets a minimum price before bidding commences
Answer:
The correct option is;
Workers
Explanation:
The Federal Policy for the Protection of Human Subjects or the “Common Rule” was published in 1991
Under the Health and Human Service regulations 45 CFR part 46 (the Federal Policy for the Protection of Human Subjects or "Common Rule" published in 1991) the principles of ethical research involving human subjects, care should be taken with regards to the specific requirements of vulnerable populations such as children, pregnant women, prisoners, mentally disabled persons, economically disadvantaged or educationally disadvantaged persons.
Answer:
The answer is household selling a resource in the factor market which is the same thing as business buying resource in the factor market
Explanation:
Factor market is a market in which factors of production e.g land, capital, labor are bought and sold.
In the question above, Jim(household or labor) is working at a restaurant (firm or business). This means Jim is selling his resource(labor) in the factor market while the restaurant is buying the resource(labor) in the factor market.
Answer:
D) Report a prior period adjustment decreasing retained earnings by $1,365,000
Explanation:
Accrual accounting rate-of-return method: In this method, the recording of the transactions should be done based on an accrual basis which means whether the amount is received or not but it is recorded in the books of accounts.
In the given case, there is an unrecorded liability for $2.1 million for prior year which is recorded after considering the tax expense. So, the computation is shown below:
= Unrecorded liability - unrecorded liability × tax rate
= $2,100,000 - $2,100,000 × 35%
= $2,100,000 - $735,000
= $1,365,000
