Answer:
Whenever an accountant have some alternatives for reporting a transaction then there are some certain ethical issue for which an accountant must be aware;
1. is this method is permissible by the accounting standards?
2. Is this method permissible by the norms of the firm and industry?
3. Is this method violates ethical code of an accountant?
4. Is this method helps in maximizing overall welfare of stockholders?
5. Is this method helps in depicting true financial information to the stakeholders?
6. is this method really helps a firm in getting its objectives?
So before accepting any alternative an accountant should consider above mentioned points.
If alternative are successful on the above parameters then accountant can accept that alternative and in such case this alternative will not violate any ethical issue.
Explanation:
Answer:
Equity method .
Explanation:
Equity method is used to record the profits an organization made by investing in another company.
Equity method is a technique in accounting used in dealing with investment in associate companies. When the investing organization has between 20-50% of the voting stock in the associate company, an equity accounting method is always adopted, this is due to the high level of level it has in the management of the associate company.
Answer: The correct answer is "A. C corporation".
Explanation: You should use a C corporation, which refers to the corporations it pays as a separate subject from its owners.
Under this type of entity will have a more favorable treatment in terms of the number of owners, benefits when selling their participation and flexibility about the selection of accounting periods.
Answer:
A 15.64%
Explanation:
300*1.18 = 354
354*0.02 = 7.08
354 - 7.08 = 346.92
rate of return = 346.92/300
= 15.64%
Therefore, The rate of return on the fund is 15.64%
Answer:
a. the sociocultural segment
Explanation:
The sociocultural segment of the environment takes into account the cultural beliefs and norms held by society. This segment has diverse effects on the decisions made by customers. The retail store did not take into account the values held by the city in which it operated by selling lingerie at the back of the store.
