Answer:
a) Business ethics.
Explanation:
Business ethics are moral principles that guide the way a business behaves. The same principles that determine an individual”s actions also apply to business. Acting in an ethical way involves distinguishing between “right” and “wrong” and then making the “right” choice.
Falsifying drug manufacturers’ reports to the Food and Drug Administration is a felony and is "Wrong"
Answer: $223,000 long-term capital gain.
Explanation:
LEGALLY MARRIED couples who file a JOINT TAX RETURN, selling their Place of PRIMARY RESIDENCE are allowed to reduce by $500,000, their Long-term capital gain.
That means that Mr. and Mrs. Frazier, bless their souls, are allowed to remove $500,000 from the total $723,000 and as such recognize only $223,000 as tax consequence on long-term capital gain.
I guess Uncle Sam likes marriages.
If you need any clarification do react or comment.
Investment interest expense includes interest expense from loans to purchase municipal bonds.
<h3>What is
Investment?</h3>
The dedication of an asset to achieve an increase in value over time is referred to as investment. Investment necessitates the sacrifice of a current asset, such as time, money, or effort. The goal of investing in finance is to generate a return on the invested asset.
Income investing is an investment strategy that focuses on constructing an investment portfolio that is specifically designed to generate regular income. The income investing strategy's sole goal is to generate a consistent stream of income.
The type of investor you are and how you should make investments are determined by your investing personality. Your investing personality is essentially your financial risk profile, which considers factors such as age, financial history, circumstances, and investment goals.
To know more about Investment follow the link:
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Answer:
Net income: Understated
Total assets: Understated
Total liabilities: No effect
Total stockholders' equity: No Impact
Explanation:
Net income will be understated, because, revenue was not accrued.
Total assets will also be understated, because accrued revenue is not recorded in the current assets, thus total assets will be lowered in total.
Answer:
An income statement under absorption costing includes all of the following:
Direct materials
Direct labor
Variable overhead
Fixed overhead
Explanation:
The difference between the income statement under the absorption costing system and the income statement under the variable costing system is in how the cost of goods sold and the ending inventory are evaluated. Whereas, absorption costing includes all the costs incurred in determining these costs, variable costing only includes the variable costs in the cost of goods sold and the ending inventory.