Answer:lose because Kelly had no legal duty to rescue him
Explanation:Legal duty will mean that Kelly is in a position in which she is obligated by law to help Bob, which in this case there is no legal obligation over Kelly to help Bob.
Answer:
a) Fees earned (or revenues) will be understated. Net income will be understated.
b) Accounts (fees) receivable (or assets) will be understated. Owner’s equity will
be understated.
Explanation:
Adjusting entries refers to the entries that are made at the end of an accounting period in accordance with revenue recognition, principle and expense recognition principle.
All adjusting entries affect at least one income statement account (revenue or expense), and one statement of position account (asset or liability).
Answer:
Bagley's ethical decision tree
Explanation:
Is the proposed action legal? If yes, does the proposed action maximize shareholder value? If yes, is the proposed action ethical? If no, would it be ethical not to take the proposed action? These are four questions that managers of all organizations should ask when confronted with a decision on an action according to Bagley's ethical decision tree
Bagley's ethical decision tree is mostly used on making ethical decision, it says a decision tree can be used to make the right choices and ultimately do the right thing especially in a situation where there is no obvious right or wrong decision but rather a right or wrong answer.
Answer:
Implicit prejudice; explicit prejudice.
Explanation:
As the exercise explains, both of this cases of prejudice involves negative attitudes against a certain individual, person, group, etc. In the first case, the implicit, the attitude is not openly talked, verbalized; it's unspoken. But, in the second case, the explicit prejudice involves the awareness of hatred or negative attitude of the individual. So, overall, in the first case the person is not completely aware of the thoughts, attitude or feelings, but on the second case it is completely.
