Another name for the statement of financial position is the A) ...

[drink]

Another name for the statement of financial position is the
 A) income statement.
  B) statement of owners' equity.
  C) earnings statement.
  D) statement of changes.
  E) balance sheet.

Question 2

If Berkeley Shirtmakers ties compensation directly to output by paying an employee a certain amount for each unit of output produced, it is using
 A) the soldiering system.
  B) an illegal system.
  C) the Mayo system.
  D) a piece-rate system.
  E) a system that reduces the pay of most manufacturing employees.

[jesse.fleming]

Answer to Question 1

E

Answer to Question 2

D