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Assignment: Reading "It's Time for Principles-Based Accounting Ethics
Answer to the following questions:
1. Do you agree with the authors that a code of ethics should do more than establish minimum acceptable standards? Why or why not?
2. Describe the five cardinal virtues of professional accountants that the article's authors discuss.
3. We've talked about rules-based versus principles-based accounting standards. Should we have rules-based ethics standards? Why or why not? Should they tell you exactly what to do in specific ethical situations?
4. Compare and contrast the AICPA's Code of Professional Conduct and the IFAC Code of Ethics for Professional Accountants.
compute index-number trend percents for the following accounts using year 1 as the base year. state whether the
Locate any courts cases that might provide insight in how to treat this tax situation. Give the citation(s) of any cases you find.
How would you advise Mel and prepare a schedule to show the differential costs.
The role of management accounting Consider the descriptions of management accounting provided in Exhibit 1-3 and in the remainder of the chapter.
on january 1 2010 applied technologies corporation atc issued 600000 in bonds that mature in 10 years. the bonds have a
Calculate the total of the daily waiting cost and the service cost if 2, 3, and 4 clerks are used. What is the minimum total daily cost?
For each of the following items before adjustment, indicate the type of adjusting entry-prepaid expense, unearned revenue, accrued revenue, and accrued expense- that is needed to correct the misstatement.
Over its three year history, the Bunker Company has issued common stock on three separate occasions. The company issued 250,000 shares of stock on March 10, 2001 at an issue price of $6.50 per share
brief exercise 7-1 accounting for bad debtsbadger recorded 500000 of net sales for the year of which 2 is estimated to
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assume that ibm leased equipment that was carried at a cost of 150000 to sharon swander company. the term of the lease
Archer Daniels Midland Company is considering buying a new farm that it plans to operate for 10 years.
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