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Ainat [17]
3 years ago
12

Assume that Faust and McCabe properly classify the portfolio. At year-end, Faust proposes to sell the securities that will incre

ase 2014 net income, and McCabe proposes to sell the securities that will decrease 2014 net income. Is this unethical
Business
1 answer:
alexgriva [62]3 years ago
5 0

Answer:

No

Explanation:

This is not unethical because it is a common and acceptable practice among many reputable public companies in the United States to adjust their account statements according to their objectives.

Remember, every organisation had a right to decide It's accounting methods.

In this scenario, what both parties hope to achieve is to build up confidence from potential investors.

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Grum Corp., a publicly owned corporation, is subject to the requirements for segment reporting.
Orlov [11]

Answer:

Option (d) $5,000,000

Explanation:

Data provided in the question:

Reported revenues = $50,000,000

Operating expenses = $47,000,000

Net income = $3,000,000

Payroll costs included in the operating expenses = $15,000,000

Combined identifiable assets of all industry segments = $40,000,000

Now,

If the revenue derived from sales to any single customer is 10% or more of the revenue of an enterprise then the amount of revenue from each customer shall be disclosed.

Therefore,

Grum should disclose major customer data if

sales to any single customer amount at least = 10% of Reported revenues

= 10% of $50,000,000

= $5,000,000

Option (d) $5,000,000

7 0
3 years ago
g Declaring bankruptcy by the bond issuing firm ______ . a. has no impact on value of its bonds b. increases the value of its bo
Scilla [17]

Answer:

c. decreases the value of its bonds

Explanation:

There is a significant decrease in the value of the bond if the firm declares bankruptcy.

4 0
3 years ago
When you open excel 2013 for the first time, what will appear?
Gnoma [55]
The excel start screen will pop up then from there you can choose to create a workbook a template and access your recent work
7 0
3 years ago
2. Which of the following is most likely to raise a significant ethical issue? (select one).
zhannawk [14.2K]

Answer:

A Business School student looking at changes in structures of Small and Medium Sized Enterprises (SMEs) using publicly available information

Explanation:

5 0
3 years ago
Empirical studies of returns earned by mutual funds suggest they consistently outperform the market.True or False?
VMariaS [17]

Answer:

False

Explanation:

Studies of mutual fund performance indicate that mutual funds that outperformed the market in one time period usually do not beat the market in the next time period.

7 0
3 years ago
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