Book Title
10th Edition
ISBN: 9781337605656
Author: CROSS
Publisher: CENGAGE L
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Question
Chapter 20, Problem 2BS
Summary Introduction
Case summary: Person S worked for company A. He pleaded for some time off from the workplace for his treatment of alcoholism from 29th April to 31st May under family and medical leave act (FMLA). He was hospitalized and when he did not resume his work from 1st June, company S fired him.
To explain: Whether there was violation of the FMLA act in this case.
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Students have asked these similar questions
What was mark jons beginning capital balance?
For questions 6 and 7, refer to the following information from the balance sheets and income statement of Pink Corp.
From the balance sheets 12/31/2024 12/31/2023
Accounts receivable
Prepaid insurance
Machines
Acc. depreciation
$90,000
8,000
$80,000
From the income statement 12/31/2024
Sales
$750,000
12,000
Cost of sales
65,000
95,000
Operating Expenses
-600,000
-75,000
-30,000
-20,000
Gain on sale of machine
4,000
Additional information:
Operating expenses includes depreciation expense
Machines costing $30,000 were sold for $22,000 at a gain.
6) How much would net income be adjusted under the indirect method?
A
B
$(12,000)
$12,000
с
D
$0
$20,000
7) What were the cash payments for operating expenses under the direct method?
A
$74,000
C
$61,000
B
$49,000
D
$53,000
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