Answer: duty not to profit secretly
Explanation: Fiduciary duty could be explained as a legal binding or obligation on an individual, partner or employee who is expected to act in the best interest of another. Fiduciary duty requires transparency and honesty which in most cases is usually attached to financial openness in transactions between clients and service providers. Fiduciary obligation requires that the representative or partner of the service provider deals transparently with the client especially in the best interest of other partners or organization.
If Susan agrees to take Mimms payment, duty not to make secret profit will be breached as the payment is without the consent of Andrusian consulting
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr 15,900
To Notes Receivable A/c $15,000
To Interest Revenue A/c $900
(Being cash is collected with respect of notes receivable and interest revenue)
For recording this transaction, we debited the cash account and credited the notes receivable and interest revenue account
Answer:...
Explanation:
Stine Corp.'s trial balance reflected the following account balances at December 31, 2014:
Accounts receivable (net) $19,000
Trading securities 6,000
Accumulated depreciation on equipment and furniture 15,000
Cash 16,000
Inventory 30,000
Equipment 25,000
Patent 4,000
Prepaid expenses 2,000
Land held for future business site 18,000
In Stine's December 31, 2014 balance sheet, the current assets total is [A] (please enter your answer as a whole number without any dollar sign, thousand separator, or decimal points.
Very likely if you believe in yourself!
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