Answer:
D. limited liability
Explanation:
In a limited liability partnership, each partner's risk of losing personal assets is limited to the share capital he has invested. The limited liability partner is not liable for other partners deeds and losses incurred due to their negligence. His liability is limited to the share capital / equity he has invested in the business.
Answer:
The correct answer is d. The proper safeguarding of client information.
Explanation:
According to chapter 3 of the GAO Yellow Book, the following are the ethical principles:
-
The public Interest
- Integrity
- Objectivity
- The proper use of government information, resources, and position.
- Professional behavior.
Proper protection of customer information is not an ethical principle in this book, but it should be a factor to consider in the information manipulation process.
Answer:
$9,400
Explanation:
The computation of ending balance in the Allowance for Doubtful Accounts account is shown below:-
The ending balance in the Allowance for Doubtful Accounts account = Net credit sales × Bad debt losses + Unadjusted credit balance
= $190,000 × 3% + $3,700
= $5,700 +$3,700
= $9,400
Therefore for computing the ending balance in the Allowance for Doubtful Accounts account we simply applied the above formula.
Answer:
Segregation of duties.
Explanation:
Segregation of duties -
The concept of segregation of duties is based on the shared responsibilities .
It refers to the method of assigning different person for different task , is referred to as segregation of duties .
It is the fundamental building block for running a business efficiently , in order to reduce any management risk .
In the business it is the major case of any fraud or error , as one person is responsible for maximum duties functioning in the business .
Therefore , it is import to divide various duties .
Hence , from the given scenario of the question,
The correct answer is segregation of duties .
When people take money out of the bank, they have to pay them back with a little more and interest is why.<span />
