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lorasvet [3.4K]
3 years ago
9

Sophie, the cfo of slolum ski supplies, received a watch from one of her company's largest vendors, colorado ski shoppe. she rec

eived the gift with a card congratulating her on slolum's recent merger with another company. in determining whether accepting the gift would create a significant threat to her compliance with the aicpa code, which factor should sophie consider?
Business
1 answer:
Gre4nikov [31]3 years ago
8 0

The answer is<u> "Whether the gift was reasonable in the circumstances."</u>


The AICPA Code of Professional Conduct is a collection of arranged articulations issued by the American Institute of Certified Public Accountants that blueprint a CPA's moral and expert responsibilities. The code builds up benchmarks for evaluator autonomy, respectability and objectivity, duties to customers and partners and acts discreditable to the bookkeeping calling. The AICPA is in charge of drafting, overhauling and reissuing the code every year, on June 1.  

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Founders should be wary of crowdfunding sites like Kickstarter, because these efforts require founders to give up large ownershi
Westkost [7]

Answer:

B. False

Explanation:

As the name suggests that crowdfunding refers to the funding for a project by having a small amount from the public at large in an internet

Since in the question it is mentioned that the founders should put efforts for giving the high stake of ownership with respect to high contributors before raising the funds to launch a product in the market

But this above requirement should not be necessary

Therefore the given statement is false

5 0
3 years ago
On April 15, 2012, Andy purchased some furniture and fixtures (7-year property) for $10,000 to be used in his business. He did n
jenyasd209 [6]

Answer:

$874.50

Explanation:

Calculation to determine the cost recovery deduction for 2020

2020 cost recovery deduction = $10,000 × 17.49% × ½

2020 cost recovery deduction = $874.50

Therefore the cost recovery deduction for 2020 is $874.50

8 0
3 years ago
Which of the following is the best advice for written communication that is highly important?
Elodia [21]

Answer:

"D" is the correct answer!

Explanation:

Written communication is the use of a printed message, such as letters, training manuals, memos, proposals and emails. Emails. memos etc are all technology channels or apps.

4 0
2 years ago
Which of the following is likely to shift the supply curve right?
yaroslaw [1]

Answer:

A technological improvement that reduces costs of production will shift supply to the right, so that a greater quantity will be produced at any given price. Government policies can affect the cost of production and the supply curve through taxes, regulations, and subsidies.

What are five things that will shift a supply curve to the right?

changes in non-price factors that will cause an entire supply curve to shift (increasing or decreasing market supply); these include

1) the number of sellers in a market,

2) the level of technology used in a good's production,

3) the prices of inputs used to produce a good,

4) the amount of government regulation, ...

Correct me if this is wrong, Hope this helps

#Carryonlearning

5 0
2 years ago
Paper Corporation owns 75 percent of Scissor Company's stock. On July 1, 20X8, Paper sold a building to Scissor for $33,000. Pap
Kazeer [188]

The depreciation expense will be credited for $750 in the consolidating entries while preparing the 20X8 consolidated income statement,

<h3>What is the depreciation expense?</h3>

This refers to the cost of an asset that has been depreciated for a single period such as in that year.

Depreciation expense = Cost  - Salvage value / Useful life

Depreciation expense = $36,000 - $33,000 / (2 years (semi-annual charges)

Depreciation expense = $3,000 / 4

Depreciation expense = $750

Therefore, the depreciation expense will be credited for $750 in the consolidating entries while preparing the 20X8 consolidated income statement,

Read more about depreciation expense

<em>brainly.com/question/25785586</em>

#SPJ1

3 0
2 years ago
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