The correct answer to this situation is the following.
Well, here we are facing an ethical dilemma. Alex thought that she "played her cards" optimally and benefited from the situation. The companies acted in "goodwill" and pay as promised all the expenses when they both sent the checks a weel later. But that is not the kind of conduct that is expected from an ethical professional. She is cheating in order to get money from the companies.
What she should have done is be honest and candidly express the real situation. That should have shown that she is a person of high values that respects the hard-earned money of the company and that she always acts with class, being honest and open.
Answer:
Follows are the responses to the given question:
Explanation:
The same is always (2) and (3). This entry type which will raise the balance of the account is the typical balance expenditures, assets, earnings, and borrowing accounts are boosted by debits and reduced by loans. Credits increase income, liability, capital stocks, and owner's account and debits.
Asset:
Option b. Equipment
Option e. Cash
Option g. Prepaid Insurance
Option h. Land
Option i. Accounts Receivable
Liability:
Option c. Notes Payable
Option l. Unearned Revenue
Equity:
Option d. Common Stock
Option j. Dividends
Revenue:
Option k. License Fee Revenue
Option a. Fees Earned
Expense:
Option f. Legal Expense
Some of the features of the alternative financial products
are the following;
-
The AFS was able to provide a microfinance form
-
The AFS also provides services financially
-
The AFS’ Services in their finance are from non-bank
final institutions
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