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ASHA 777 [7]
3 years ago
13

Sophie, the CFO of Slolum Ski Supplies, received a watch from one of her company's largest vendors, Colorado Ski Shoppe. She rec

eived the gift with a card congratulating her on Slolum's recent merger with another company. In determining whether accepting the gift would create a significant threat to her compliance with the AICPA Code, which factor should Sophie consider?
a. Whether she disclosed receipt of the gift to the board of directors.

b. Whether she truly earned the gift.

c. Whether the gift was reasonable in the circumstances.

d. Whether the gift cost more than $100.
Business
1 answer:
Sveta_85 [38]3 years ago
4 0

Answer:

c. Whether the gift was reasonable in the circumstances.

Explanation:AICPA(American institute of certified public accountants) is a body who is saddled with the responsibility of ensuring ethics in the public accounting profession. AICPA is present in most parts of the world, it guides and ensures that its members perform their accounting functions with the most ethical standards,in order to preserve the integrity of the certified public accountants,the AICPA has certain code of professional conduct which helps to streamline the functions its members all over the world.

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When information taken in through the senses is organized and understood, the process is referred to as _______?
eduard
<span>The process of perception is a way of creating a mental impression that allows a person to become aware, comprehend or analyze information. Through this process, a person generates their own thoughts, judgments, beliefs, ideas and estimations by using visual, audio, taste and sensory elements that they interact with</span>
5 0
3 years ago
Nashville Harmonies Inc. and Taylor enter into a contract for Taylor to write six songs for which Nashville agrees to pay her. T
anyanavicka [17]

Answer:

In the transfer of rights, Taylor is an assignor

<u>Explanation:</u>

An assignor is an individual, organization, or other substance that moves rights that they hold to another element. The assignor transfers to the trustee. For instance, a group the assignor that goes into an agreement to sell a bit of property can dole out the returns or advantages of the agreement to an outsider (the chosen one, for example, philanthropy or a trust.

The task of rights regularly happens upon death to deal with the perished home, or through an intensity of lawyer to manage lawful or budgetary undertakings of a person.

5 0
4 years ago
Interest rates and decisions
svetoff [14.1K]

Answer:

a. No, the firm needs to take the volatility of short-term rates into account.

Explanation:

Short term interest rates are more volatile than the long term interest rates. If the company chooses to finance its operations solely from short term financing than it will need to incorporate the affect of volatility in the short term interest rates to identify the net returns. The volatility should be calculated with the risk factor and required rate of return of the funds.

4 0
3 years ago
TB MC Qu. 5-49 Walbin Corporation uses the weighted-average method... Walbin Corporation uses the weighted-average method in its
Talja [164]

Answer:

The total cost of the units completed and transferred out of the department was: $342,200.

Explanation:

First calculate the Total Cost per Equivalent unit.

Total Cost per Equivalent unit :

Materials      $2.10

Conversion  $3.80

Total             $5.90

Total cost of the units completed and transferred out = Units completed and transferred out × Total Cost per Equivalent unit

                                                                          = 58,000 units × $5.90

                                                                          = $342,200

 

7 0
3 years ago
Dillard’s, Inc., operates department stores located primarily in the Southwest, Southeast, and Midwest. In its 2016 third-quarte
SashulF [63]

Answer:

Purchases= 1,280 million

Explanation:

Giving the following information:

the company reported Cost of Goods Sold of $880 million, ending inventory for the third quarter of $1,900 million, and ending inventory for the previous quarter of $1,500 million.

Purchases= cost of goods sold - Beginning inventory + ending inventory

Purchases= 880 - 1500 + 1900= 1,280 million

5 0
3 years ago
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