Answer:
The correct answer is Integrity and Ethical Values.
Explanation:
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) is a joint initiative aimed at providing thought leadership through the development of frameworks and guidance on enterprise risk management and internal control.
The Enterprise Risk Management Framework internal environment aspect ensures that resources are put to work really defines the course of a project. Also, it addresses the need for corporations to enhance their techniques in managing risk in order to meet the increasing demands of a dynamic business environment.
A situation where the receptionist sees the manager putting printer paper and toner (resources) into his briefcase on his way out the door best reflects a weakness in integrity and ethical Values.
<u>Answer:</u> A. Moral relativism
<u>Explanation:</u>
Moral relativism means the moral judgement made by people based on their differences such as culture or country, it denotes that there is no one method where people can decide what is right and what is wrong.
The four types of moral relativism are naive relativism, cultural relativism, role relativism and social relativism. Naive relativism means individuals can have own moral values. Cultural relativism means people should not judge based on one's culture. Role relativism means a person with job role should not make judgments on others beliefs.
Answer:
Goodwill
Explanation:
Goodwill is an intangible asset, reported on the balance sheet asset side. It is used yearly for the impairment tests.
When the company purchase another company and its purchase price is more than the fair value of the net asset so the excess amount would be called as a goodwill
The fair value of the net asset is come from subtracting the
= Company assets - company liabilities
Answer: $690
Explanation:
The 2018 year- end adjusted balance of Salaries Payable will be calculated as:
= January 1, 2018 balance + Adjustment on December 31, 2018
= $0 + $690
= $690
Note: Salaries accrued at December 31, 2018 will be:
= (Number of days from December 29 - 31) × Salary per day
= 3 × $230
= $690
Therefore, the balance on salaries payable is $690
Answer:
c. Report $10,000 revenue and expense | Disclose in the notes
Explanation:
Not-for-profit entities must report the fair value of all the goods they receive as donations. in this case, they would have to report the $10,000 worth of food received from a local supermarket. But they are not required to report the value of volunteer work, they only have to disclose it on the footnotes of their financial statements.
