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german
3 years ago
9

Diane is a CFO at we do what we want, Inc. She was just instructed by her boss, the CEO, to accelerate the recording of revenue

into an earlier year to meet financial analysts' earnings projections. In order to meet the ethical standards of the accounting profession, Diane must be certain that she:_______.A. Blows the whistle on the financial wrong doing. B. Reports the matter to the SEC. C. Informs the external auditors. D. Works through the chain of command within the company to avoid sub-ordinating judgment.
Business
1 answer:
Novosadov [1.4K]3 years ago
8 0

Answer: Option "D" is the correct answer for the following situation.

Explanation:

Diane must be careful that she operates within the organization through the command chain to prevent a sub-coordinating judgment.

The concept of a command structure is an international hierarchy of power that defines who is in control of whom and who should be asked for permission. The indication of a command structure is when a staff member reports to a boss reporting to a senior executive reporting to the vice president reporting to the CEO.

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Although entrepreneurs expect to succeed, they must be realistic and recognize that they are taking a(n) because many small busi
Harlamova29_29 [7]

Entrepreneurs take risks because they may lose time and money despite their high expectation of success.

<h3>Who is an entrepreneur?</h3>

An entrepreneur is an individual who starts a business.  Entrepreneurs are known for their passion to achieve business success.  They enjoy the gains from their success and may risk losing their time and money in the process.

Thus, as the entrepreneurs expect to succeed, they must be realistic, recognizing that they are taking a risk.

Learn more about entrepreneurs at brainly.com/question/353543

8 0
2 years ago
Pharoah Company began operations in July 2020. At the end of the month, the company prepares monthly financial statements. It ha
abruzzese [7]

Answer:

1.At July 31, the company owed employees $1,100 in salaries that the company will pay in August.

July, 31

DR Salaries Expense.................................................$1,100

CR Salaries Payable.................................................................$1,100

<em>(To record accrued salaries expense)</em>

2.On July 1, the company borrowed $20,000 from a local bank on a 10-year note. The annual interest rate is 12%.

July entry would be;

July 31,

DR Interest Expense ................................................$200

CR Interest Payable ............................................................$200

<em>(To record interest accrued for the month)</em>

<u>Working</u>

= 20,000 * 12%/12 months

=  $200

3. Service revenue unrecorded in July totaled $3,000.

July 31,

DR Accounts Receivable .......................................$3,000

CR Service Revenue ...............................................................$3,000

<em>( To record unrecorded Service revenue.)</em>

3 0
3 years ago
Eight years ago you purchased an asset for $100,000 that has yielded a nominal capital gain of $30,000. If you sold the asset to
xz_007 [3.2K]

Answer: $8,400

Explanation:

Tax liability for a year is computed on the nominal capital gain as of that year not the inflation-adjusted gain. As such, should the asset be sold today, the capital gains tax of 28% will be computed on the capital gain of $30,000 in the following manner;

= 28% * 30,000

= $8,400

5 0
3 years ago
Which of the following correctly orders the investments from LOWER risk to HIGHER risk?
Yuliya22 [10]
Here is the correct order of investments from Lower Risk to Higher Risk: <span> Treasury bond − Diversified mutual fund – Stock

Treasury bond is released by Government, so unless your country went bankrupt, it is safe to assume that you will get the investment back.

Diversified mutual fund puts your eggs in a lot of baskets So in case one of your investment fail, the others could still support your overall investments

Since the stock is a single entity and really fluctuative, it is considered as the most dangerous type of investment.

</span>
3 0
3 years ago
Coach's agreement with Lexus to produce automobiles with Coach leather interior is an example of A. co-branding. B. architectura
nikitadnepr [17]

Answer:

CO-BRANDING

Explanation:

Also known as brand partnership, it is a marketing strategy that incorporates multiple brands on a good or service. It involves the brands of at least 2 organisations. Just like the Lexus and coach described above.

8 0
3 years ago
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