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1 year ago

From both a legal and ethical standpoint, you have an obligation to pay for credit purchases.

Business

1 answer:

Luda [366]1 year ago

7 0

The correct answer is option (a) True

The statement is True From both a legal and ethical standpoint, you have an obligation to pay for credit purchases.

Ethics can be characterized as a set of ethical standards or rules of conduct that give direction for our behavior when it influences others.
Broadly recognized essential moral standards incorporate genuineness, reasonableness, constancy, and care and regard for others. Moral conduct takes after those standards and equalizations self-interest with both the coordinate and the backhanded results of that behavior for other people.
Not as it were does unscrupulous behavior by people have genuine individual consequences—ranging from work misfortune and reputational harm to fines and indeed jail—but deceptive conduct from advertise members, speculation experts, and those who benefit financial specialists can harm financial specialist believe and subsequently impede the supportability of the worldwide capital markets as a entirety.

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Answer:

1. Estimate the appropriate 12/31/2021 balance for Dhaliwal’s allowance for uncollectible accounts.

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2. What journal entry should Dhaliwal record to adjust its allowance for uncollectible accounts?

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3 years ago

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