Answer: companies should try to support the economic, social, and environmental spheres of sustainability.
Explanation:
The triple bottom line is simply an accounting framework that consist of three parts which are the social, financial and the environment.
The triple bottom line philosophy says that organizations should not only focus on the financial aspect(profit) alone but should also focus on the environment and the social aspect of the society.
Therefore, the triple-bottom-line philosophy says that companies should try to support the economic, social, and environmental spheres of sustainability.
Answer:
d. Under Dodd-Frank, Jack and Jason will be required to pay back the extra compensation they received as a result of the falsified earnings.
Explanation:
Generally Accepted Accounting Principles (GAAP) earnings refers to standards that are commonly accepted and used financial reporting by publicly traded companies.
On the other hand, non-GAAP earnings refers ton an alternative accounting method employed by companies to measure the earnings especially by excluding one-time transactions like an organizational restructuring.
A non-GAAP method adjusts similar GAAP measure which are reported on the audited financial statements such as earnings before interest, taxes, depreciation and amortization (EBITDA) but it not backed by law.
Because non-GAAP measure is not backed by law, it can produce a misleading report when items that have impact on GAAP earnings are excluded.
As a result of non-GAAP method, many companies were affected during the Great Recession in the US leading to the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act (shortened to Dodd-Frank). the major aim of Dodd-Frank was to change federal financial regulatory agencies and almost all parts of the financial services industry of the US. One of the provisions of the Dodd-Frank is to require to pay back any compensation got through falsification of document.
Given the above, Jack and Jason will be required to pay back the extra compensation they received as a result of the falsified earnings under Dodd-Frank.
Answer:
debit to Supplies Expense and a credit to Supplies
Explanation:
The adjusting entry to use the supplies is shown below:
Supplies expense Dr XXXXX
To Supplies XXXXX
(Being the supplies is adjusted)
For recording the adjusting journal entry, we debited the supplies expense and credited the supplies so that the proper posting could be done
Hence, the first option is correct
Answer:
B
Explanation:
A telescope is used to look at stars and planets, not a patient.
Answer:
In
this case the present value of the strike price is 50e =49.75e
Because
25<49.7547.00
The condition in equation (10.5) is violated. An arbitrageur should borrow $49.50 at 6% for one month, buy the stock, and buy the put option. This generates a profit in all circumstances.If the stock price is above $50 in one month, the option expires worthless, but the stock can be sold for at least $50. A sum of $50 received in one month has a present value of $49.75 today. The strategy therefore generates profit with a present value of at least $0.25. If the stock price is below $50 in one month the put option is exercised and the stock owned is sold for exactly $50 (or $49.75 in present value terms). The trading strategy therefore generates a profit of exactly $0.25 in present value terms
Explanation:
