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Author Question: The Fair Labor Standards Act provides which of the following minimum rates to be paid to employees ... (Read 59 times)

nummyann

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on: Jul 5, 2018
The Fair Labor Standards Act provides which of the following minimum rates to be paid to employees for all hours worked over 40 hours per week?
 a. one and one-half times the regular rate
   b. same rate as the regular rate
   c. two and one-half times the regular rate
   d. two times the regular rate

Question 2

Explain the cost principle.
 
  What will be an ideal response?


triiciiaa

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Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

The cost principle is a rule requiring that purchased assets be recorded in the accounting records at cost, which includes all costs reasonable and necessary to place the asset into working condition.


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