When faced with an intercultural ethical dilemma, you should ask yourself if the action is legal, if you can rule out a better alternative, if a trusted advisor would agree, and if you would do it if you were on the opposite side.
Why do you understand the ethical dilemma?
A decision-making issue between two possibilities in which neither is wholly acceptable from an ethical standpoint is known as an ethical dilemma (also known as a moral dilemma, ethical paradox, or moral conundrum).
How do you identify an ethical dilemma?
Health workers of all stripes frequently run across moral conundrums. You are advised to make decisions using a sequential process while taking ethical issues into account:
- Identify the issue there
- Identify the problem and those in charge.
- Think about the pertinent details, laws, and regulations.
- Consider other possibilities following analysis.
- Implement the solution
- Reviewing and acting
Learn more about an ethical dilemma :brainly.com/question/13015186
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<h2>IFRS brings transparency, accountability and efficiency to finanacial market across the globe.</h2>
Explanation:
IFRS - International Financial Reporting Standards
Transparency:
a) international comparability
b) quality of financial information,
- enabling investors to make "economic decisions"
Accountability:
- It strengthens this aspect by reducing the information gaps
Efficiency:
- Helps investors to identify market opportunities
- Alert about the risks across the world
- lowers the Capital cost
Answer:
c. $357,000
d. $733,000
e. $120,000
Explanation:
As we know that
Total assets = Total liabilities + Shareholder equity
The computation is shown below:
c. Updated assets would be
= $720,000 - $168,000
= $552,000
And, the updated liabilities would be
= $180,000 + $15,000
= $195,000
So, the updated capital would be
= $552,000 - $195,000
= $357,000
d. Updated assets would be
= $720,000 - $175,000
= $895,000
And, the updated liabilities would be
= $180,000 - $18,000
= $162,000
So, the updated capital would be
= $895,000 - $162,000
= $733,000
e. The opening capital would be
= Total assets - total liabilities
= $720,000 - $180,000
= $540,000
And, the ending capital would be
= Total assets - total liabilities
= $880,000 - $220,000
= $660,000
So, the gain would be
= Ending capital balance - opening capital balance
= $660,000 - $540,000
= $120,000
GAAP requires you to use accrual based accounting (where revenue is earned and expenses are incurred) and not cash based.
So, The type needed is choice A.
