Answer:
The answer is: John Akers would have probably fired the player and made the video public.
Explanation:
Akers firmly believed that ethics were fundamental to economic competitiveness. He argued that without ethical behavior, individuals, corporations and society as a whole couldn´t be economically competitive.
So in this case, he would have simply terminated the players contract without regarding any of the potential downsides for the team.
Based on U.S. GAAP principles, the accounting recognition to be recorded in a journal would be:
Date Account title Debit Credit
December 31 Loss from estimated contingency $806,000
Estimated liability from contingency $806,000
<h3>Requirements for recording a loss from Contingency</h3>
- Loss must be probable.
- Loss amount can be reasonably estimated.
The loss is probable as the government has indicated its wishes clearly. The loss amount is also reasonably estimated to be $806,000. This can therefore be recorded as the above.
Find out more on contingency losses at brainly.com/question/25166312.
Answer:
Accounting rate of return = 20.53%
Explanation:
<em>The accounting rate of return is the average annual income expressed as a percentage of the average investment.</em>
The simple rate of return can be calculated using the two formula below:
Accounting rate of return
= Annual operating income/Average investment
× 100
Average investment = (Initial cost + scrap value)/2
= 30,000/2= 15,000
Accounting rate of return = ( 3080/15,000) × 100
= 20.53%
Accounting rate of return = 20.53%
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Answer:
The answer is $435,000
Explanation:
Initial Investment-----------------$400,000
Park Co's share of Sky's net income(10% x $500,000) --- $50,000
Park Co's share of Sky's dividend (10% x $150,000) ---------------------- ($15,000)
Reported Investment--------- $435,000
Therefore, Park's balance sheet
will report $435,000 as the investment in Sky's in the year ended December 31, 20X5.