Answer:
C. The difference between selling price and carrying value is recorded as a realized gain or loss.
Explanation:
In the case of the acquisition method, the role of significant influence will not be there. Since the shares are sold which shows a realized gain or loss by taking the difference between the selling price and carrying value.
As through the selling price we know about the gain or loss amount, and the carrying value would represent the book value which records in the books of accounts.
Hence, the correct option is C.
Answer:
The correct answer is letter "D": if all else fails, slow the spread of bad practice.
Explanation:
Evidence-based management is a critically thought-provoking approach to decision making. This practice has the following principles: treat your organization as an unfinished prototype; <em>no brag, just facts; see yourself and your organization as outsiders do; evidence‐based management is not just for senior executives; like everything else, you still need to sell evidenced‐based management; if all else fails, slow the spread of bad practices; and questioning what happens when people fail?
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In front of a problematic situation, the "if all else fails, slow the spread of bad practices" is used when the consequence of an action is likely to be negative, but usually represents an order in the relationship of a principal-agent. The agent then carries out the necessary procedure as slowly as possible to prevent an unexpected reaction.
Answer:
Never, you will continue to be in debt
Explanation:
the interest per month are 1% of the unpaid amount:
3,000 x 1% = 30 interest per month
the minimum payment is 30 dollars
Therefore, by doing the minimum payment we are just coering the interest generated per month we are not doing any amortization on the principal Hence we cannot repay the debt.
Answer:
$45,000
Explanation:
The computation of the income during the period is shown below:
Beginning stock holder equity
= $100,000 - $60,000
= $40,000
And, the ending stockholder equity is
= $175,000 - $105,000
= $70,000
Now the net income is
As we know that
Net income = Ending balance + withdrawls - opening balance
= $70,000 + $15,000 - $40,000
= $45,000
Answer:
The correct answer is option (A) . Objectivity is not one of the ethical standards included in the Institute of Management Accountants (IMA) Statement of Ethical Professional Practice.
Explanation:
The Institute of Management Accountants (IMA) Statement of Ethical Professional Practice are integrity, competence, credibility and confidence.
<u>Integrity.</u> Management accountants are also required to uphold very high levels of integrity. The ethical standards therefore require them to avoid any conduct that would prejudice carrying out duties ethically.They are also required to contribute to a positive ethical culture by shunning any activity that might discredit the profession.
<u>Competence.</u> As a measure of ensuring high competency levels,the Institute of Management Accountants (IMA) requires management accountants to sustain a high degree of professional expertise.They urge management accountants to consistently expand their knowledge and skills.
<u>Credibility.</u> The ethical standards championed by the Institute of Management Accountants (IMA) also emphasizes a high level of credibility. It asserts that management accountants should communicate information fairly and objectively, providing all relevant information that could reasonably be expected to influence judgment.
<u>Confidentiality.</u> All management accountants are required to retain a high level of confidentiality.The ethical standards prescribes that all information obtained while performing their tasks should be kept confidential except when disclosure is authorized or legally required. Additionally, confidential information should not be used for unethical or illegal advantage.