Answer: c. recommend Torex, but she must disclose her investment in Torex to the client.
Explanation:
The investment advisor is allowed to recommend Torex to her clients as she believes that it is financially sound and undervalued which means that there is a chance for her clients to earn a good enough return.
She must however disclose to them that she has an investment in the company so that they can decide on their own if this may have biased her decision towards the company as a viable investment option.
when hilton hotels hired ross klein and amar lalvani from starwood hotels, klein and lalvani took many electronic documents with them from starwood. what they did was simply good business and presented no ethical problems.
This problem is a False Statement.
What is ethical problems?
An ethical problem, also known as a moral problem or ethical paradox, arises when a person must choose between two possibilities, none of which are wholly ethically acceptable.
Therefore,
This problem is a False Statement.
To learn more about ethical problems from the given statement:
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Answer:
Dr Depreciation Expense $3,620
Cr Accumulated Depreciation-Equipment $3,620
Explanation:
Based on the information given we were told that the company had zero balances in both Accumulated Depreciation -Equipment as well as the Depreciation Expense in which the Depreciation amount for the year is estimated to be $3,620 which means that the adjusting entry for depreciation at December 31 will be recorded as:
Preparation of Journal entry
Dec. 31
Dr Depreciation Expense $3,620
Cr Accumulated Depreciation-Equipment $3,620
Answer:
An <u>account</u> is maintained for each financial statement item, whereas a(n) <u>general ledger</u> contains all of the accounts of the company.
Explanation:
Financial statements refers to a statement that that provides formal records of all financial activities and standing of a company or any entity in a structured and easily understandable manner.
For each item of financial statement, an account is kept with the aim of giving a an accurate record of all business activities that are germane to that specific financial statement item.
The purpose of a general ledger is to show individual transactions and resulting account balance of each account of a company as a single collection.
Therefore, an <u>account</u> is maintained for each financial statement item, whereas a(n) <u>general ledger</u> contains all of the accounts of the company.
There are several ways you can find a record. The easiest way is by using the find command. You can do this by pressing the combination keys Control + F. You will then see a mini search box in the top right corner of your screen. Lastly, type in the word, phrase, or record that you want to find. You will then be directed to several highlighted words, and TADA! :D
Hope this helps :)
