Tax research-ethics

Assignment Help Accounting Basics
Reference no: EM1358187

Professor Andy Accrual works for a big state university. The state has negotiated a set of special airfares with various airlines for state employees to use when traveling on state business. These fares are lower, and they do not have restrictions on changing, cancellation, and so forth. Andy is aware that the airlines never check to see if he is on state business when he books such a fare. He has decided that he would like to go to Hawaii on short notice for a well-earned mini-vacation. When he checks the Internet for airfares, he discovers that the cheapest fare he can find is $700 per person. However, the fare for state employees traveling on business to Hawaii is only $400. Although he is traveling for personal reasons, in your opinion is it ethical to use the special state employee airfare for his vacation? Would this qualify as an ethical dilemma?

Reference no: EM1358187

Questions Cloud

What will the traveler weigh on another planet : What will the traveler weigh on another planet. Two wires are identical, except that one is aluminum and one is iron. The aluminum wire has a resistance of 0.18 . What is the resistance of iron wire.
Time value of money for tax refunds : Should you over pay taxes throughout the year and get a refund, knowing the government does not pay interest on the overpayment? Use time value of money to explain.
Determine the value of one share : Suppose you are planning a project which has been assigned a discount rate of 8 percent. If you start the project today, you will incur an initial cost of $480 and will receiv cash inflows of $350 a year for three years.
Relationship between schizophrenia and cognitive ability : Investigate the relationship between schizophrenia and cognitive ability. I am looking for one article about this topic as a place to begin my research and at least 25 sources.
Tax research-ethics : Professor Andy Accrual works for a big state university. The state has negotiated a set of special airfares with various airlines for state employees to use when traveling on state business.
What should the jackpot be before the expected payoff : What should the jackpot be before the expected payoff is worth your $1.00 bet. Assume that the state takes 60% of the jackpot in taxes, that no one else is a winner, and that you are risk -neutral.
Disabilities as a critical disadvantage : Disabilities as a Critical Disadvantage - Why are people with disabilities at a critical disadvantage when compared with people without disabilities
Explain why were captain jim miranda successful : Explain Why were Captain Jim Miranda and Todd Williamson successful? Was it just their perseverance, or are there other reasons for their success?
Creating a perception of detection : Creating a perception of detection can act as a deterrent to fraud. What are some ways companies attempt to create such a perception?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Gaap for zero-interest-bearing note

Identify the authoritative literature that provides guidance on the zero-interest-bearing note. Use some of the examples to explain how the standard applies in this setting.

  Journal entries-percentage of completion method

Record the journal entries for each year using the % of completion method. Show the partial accounts on the December 31 balance sheet for each year. Show the January 1 to Dec 31 Income statement for each year.

  Materials and labour budget revisions

Discuss each request below for a budget revision, putting what you see as both sides of the argument and reach a conclusion as to whether a budget revision should be allowed.

  Amounts of components of pension expense

Desiree Griseta Company sponsors a defined benefit pension plan for its employees. The following data relate to the operation of the plan for the year 2004 in which no benefits were paid. Determine the amounts of the components of pension expense t..

  Journal entry of bond redemption

The balance sheet for Reading Company reports the following information on July 1, 2010. Reading decides to redeem these bonds at 102 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2010.

  Journal entry to record retirement of bonds

A company previously issued $2,000,000, 10% bonds, receiving a $120,000 premium. On the current year's interest date, after the bond interest was paid and after 40% of the total premium had been amortized, the company purchased the entire bond iss..

  Devs autoparts company-journal entries

On August 31, 2008, Devs Autoparts Company sold $8,000 worth of parts to Metro Repair Company. The terms of the sale were n/90. Devs receivable policy is to start charging interest of 9% (annually) on all balances over 90 days. Interest is accrued..

  Deductible commuting miles

Sally incurred a 90-mile round-trip commute every day, mainly because she could not get along with her supervisor at the sales office located four miles from her home. Sally works under a one-year contract

  Determining the completion of accounting cycle

What are the steps in completing the accounting cycle? How do the different steps affect the financial statements? What is the effect on the financial statements of missing a step when completing the accounting cycle?

  Joint cost allocation

Elsie Dairy Products Corp. buys one input, full-cream milk, and refines it in a churning process. Allocate the $31,680 joint cost to the spreadable butter and the buttermilk using the following (show work):

  Journal entries and schedule

During the past year, a company completed the following transactions related to the acquisition of property and the construction thereon of a new factory:

  Importance and usefulness of accounting cycle

Please discuss the value of the accounting cycle to a company including: Normal length of the cycle-Integration with required governmental reporting

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd