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ludmilkaskok [199]
3 years ago
5

A client sks his accountant to ignore a mistake which overstated the accounts receivable account. The accountant decides that th

e accounts receivable account has to be corrected to state the correct amount. The accountant makes his decision based on his duty to society, respect for authority, and maintaining the social order. Which stage of Kohlberg' Stages of Moral Development is the accounting reasoning? A. Stage 2 B. Stage 3 C. Stage 4 D. Stage 5
Business
1 answer:
ioda3 years ago
7 0

Answer:

C. Stage 4

Explanation:

stage 4 – respecting authority and preserving the rules of society.

                 authority and social order obedience driven.

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Congratulations! You were the 10th caller on the KMTH morning show and you just won $4,000.00. After you calm down, you decide t
Furkat [3]

Answer:

$6,519.98

Explanation:

According to the scenario, computation of the given data are as follows:

Present value = $4,000

Rate = 7%

Rate compounded monthly = 7% ÷ 12

Time period = 7 × 12 = 84

So, we can calculate the future value by using financial calculator.

The attachment is attached below:

FV = $6,519.98

3 0
4 years ago
The following adjusted trial balance contains the accounts and balances of Cruz Company as of December 31 2017, the end of its f
ankoles [38]

Answer:

1. Prepare the December 31, 2017, closing entries for Cruz Company.

                                                              Dr.      Cr.

404 Services revenue                      44,100

Income Summary                                          44,100

Income Summary                              33,972

612 Depreciation expense—Equipment      2,000

622 Salaries expense                                   25,710

637 Insurance expense                                1,852

640 Rent expense                                        2,955

652 Supplies expense                                  1,455

2. Prepare the December 31, 2017, post-closing trial balance for Cruz Company.

                                                                            Dr.            Cr.

101 Cash                                                           18,000

126 Supplies                                                    14,500

128 Prepaid insurance                                     2,000

167 Equipment                                                 23,000

168 Accumulated depreciation—Equipment                  6,500

307 Common stock                                                         13,272

318 Retained earnings                                                     33,600

319 Dividends                                                 6,000

404 Services revenue                                                      44,100

612 Depreciation expense—Equipment        2,000

622 Salaries expense                                     25,710

637 Insurance expense                                  1,852

640 Rent expense                                           2,955

652 Supplies expense                                 <u>   1,455   </u>    <u>               </u>

Totals                                                                97,472     97,472

Explanation:

5 0
3 years ago
Which of the following is an investigator’s commitment to the sponsor?
Westkost [7]

Explanation:

sponsors are responsible for selecting qualified investigators providing them with the information they need to conduct an investigation properly ensuring proper monitoring of the investigations ensuring that the Investigations is conducted in accordance with the general investigational plan and protocols

8 0
2 years ago
Bronn tells Jaime, "I really like your armor." Jaime responds, "I will sell it to you for $800." Bronn states, "Sure, and throw
Genrish500 [490]

Answer:

B. price subject

Explanation:

For this contract to be enforceable, it must include price, matter and delivery date. These aspects are all best essential and should be included in the contract. From the question when Jaime wrote the contract he failed to detail the price they agreed upon. Even though the rest were included. Therefore this contract cannot be enforced since it is missing this important aspect. Option b is the answer to the question

5 0
3 years ago
Effective corporate governance is essential in large corporations because corporate ownership (by shareholders) is separated fro
nalin [4]

Answer:

False

Explanation:

Outside directors are members of the board of directors that are not employees of the corporation. While an inside director is a member of the board that is also employed by the corporation, e.g. CEO.

Corporations are separate entities form their stockholders, that is why limited liability applies to them. The board of directors doesn't have to include stockholders or employees, they usually do, but it is not required by law. Outside directors should very experienced and capable individuals that possess certain expertise that can help the corporation. Also, the board should control and supervise upper management, but if only inside directors were admitted into it, then who would control them?

7 0
3 years ago
Read 2 more answers
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