Answer: The managerial accountant at XYZ Company told her friend that the company expects to announce a major recall in a few weeks. The friend promptly sells all her stock in XYZ. The accountant violated IMA statement of ethical professional practice standards of Competence.
<u>Explanation:</u>
The IMA statement of ethical professional practice standards of Competence states that each member has the responsibility to provide information that supports the decision and recommend something accurate, clear and timely.
The managerial accountant at XYZ company provided information that was not very accurate. Based on that information, his friend immediately sells his stock in XYZ company. So, in this case, the manager has not helped his friend in taking a viable decision.
Not exactly sure but I think it's D
Answer:
The correct answer is Time period.
Explanation:
The accounting period refers to the economic operations of a company must be recognized and recorded in a certain time, which is usually a year, which goes from January 1 to December 31, although you can also work with different time periods such as the month, semester, quarter, etc.
This principle assumes that economic operations, as well as the effects of them derived, are accounted for in a way that corresponds to the economic period in which they occur, so that the accounting information clearly shows the period to which they correspond and the result can be determined of each fiscal year.
The accounting period allows us to measure the company's performance when compared to other periods. The accounting period allows one of the main objectives of accounting to be met, which is its usefulness. The accounting information is useful when it can be compared, and it is the accounting period that allows that comparison. It is the comparison that allows accounting information to be analyzed, based on it, making economic and financial decisions.
Answer:
update the customer regularly and keep the customer informed of any further delay.
Explanation:
Since in the given situation it is mentioned that tom received the order of 25 personal computers that should be delivered in two days but at the same time he know there is delay in shipment as there is bulk order so in order to maintain the trust he has the responsibility to update the customer on regularly basis and if there is any further delay so the same should be informed to the customer as the customer has also the right to know for the same.
Therefore the above statement should be the answer
The correct answer of the given question above would be option D. The following are examples of how people take ownership of space and these are: locking the door to your home, a name plate on the door of an office and getting an assigned seat in a classroom. Hope this answer helps.