Answer:
It should be reported in the notes to the financial statements as a noncash transaction
Explanation:
Answer:
B) An important underground aquifer helps maintain agriculture in arid west Texas.
C) The majority of Texans have conservative political views.
Explanation:
B) All of the towns and rural areas in West Texas rely entirely on groundwater, including large cities like El Paso.
C) Texas has consistently voted for Republican presidential candidates since 1980. Also the last 3 governors of Texas have been Republican (George W. Bush, Rick Perry and current governor Greg Abbott).
Hmm...maybe a late fee if you returned the item late.
Answer: Mary Beth's reliance on the estimate flexibility of auditors to make a biased decision is an ethical dilemma.
Explanation: An ethical dilemma is also called an ethical paradox. It is a situation whereby two possible unacceptable moral issues are weighed in making a decision.
Ethics is an important consideration in business which guides one in knowing what is right and wrong and doing it.
Mary Beth's ethical dilemma is bothered on the objective of the decision she made which was to reduce profit. Making changes to estimates would not be a problem but when you know that that estimate is not preferable but the best in a biased atmosphere is an ethical paradox.