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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.

You might be interested in
Sheridan Incorporated factored $133,800 of accounts receivable with Skysong Factors Inc. on a without-recourse basis. Skysong as
Tresset [83]

Answer:

Sheridan Incorporated journal entry

Dr Cash 123,096

Dr Loss on sale receivables 2,676

Dr Due from factor 8,028

Cr Account receivable $133,800

Skysong Factors journal entry

Dr Account receivable 133,800

Cr Due to customer 8,028

Cr Interest revenue 2,676

Cr Cash 123,096

Explanation:

Preparation of the journal entry for Sheridan Incorporated and Skysong Factors to record the factoring of the accounts receivable to Skysong

Sheridan Incorporated journal entry

Dr Cash 123,096

(133,800-2,676-8,028)

Dr Loss on sale receivables 2,676

(2%*$133,800)

Dr Due from factor 8,028

(6%*$133,800)

Cr Account receivable $133,800

Skysong Factors journal entry

Dr Account receivable 133,800

Cr Due to customer 8,028

(6%*$133,800)

Cr Interest revenue 2,676

(2%*$133,800)

Cr Cash 123,096

(133,800-2,676-8,028)

7 0
3 years ago
In October, Blossom Company reports 19,100 actual direct labor hours, and it incurs $167,200 of manufacturing overhead costs. St
Elenna [48]

Answer:

overhead controllable variance =  13960 F

Explanation:

given data

actual direct labor hours = 19,100

manufacturing overhead costs = $167,200

work done = 20,900 hours

overhead rate = $8.10

budgeted costs variable = $6.40

budgeted costs fixed = $47,400

to find out

overhead controllable variance

solution

we get here overhead controllable variance as      

overhead controllable variance = Actual overhead - Budgeted overhead   ......................1

Budgeted overhead is = work done × Budgeted variable + Budgeted fixed

Budgeted overhead is = 20,900 × 6.40 + 47,400

Budgeted overhead is = 181160

put here value we get

overhead controllable variance = $167,200 - 181160

overhead controllable variance =  13960 F

   

8 0
3 years ago
Tacoda Systems tracks consumers' online activity and delivers specific banners based on that activity. This tracking and ad deli
GaryK [48]

Answer:

Behavioral targeting

Explanation:

Behavioral targeting is an advertising technique that provides publishers and advertisers the opportunity to display relevant selling information and ads to users depending on the web-browsing behavior of the users.

Behavioral targeting mostly depends on data that are relevant to the behavior of user like items searched previously, last website visit date, pages viewed, amount of time used on a website, ads, content and buttons clicked, and among others.

Therefore, the tracking of online activity and delivery of ads based on that activity is called behavioral targeting.

8 0
3 years ago
Patrick and his family recently moved overseas. When shopping for furniture for their new home Patrick and his wife realized tha
77julia77 [94]

Answer:

Price Convergence

Explanation:

Based on the information provided within the question it can be said that the concept that best describes this phenomenon is Price Convergence. This term refers to the degree at which prices for goods and services more together and converge into the same price in different geographical locations. Such as is the case in this scenario as the price of the furniture is about the same in both countries that Patrick and his wife have visited.

8 0
3 years ago
Which type of variance causes operating income to be lower than the budgeted operating​ income?
gladu [14]

Answer:

Favorable Variance

Explanation:

Any difference between predicted costs and actual costs is refereed to as variance. Favorable variance means the difference was in the company's favor because they predicted one level of income but actually made a higher income than expected.

5 0
3 years ago
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