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Professional EthicsAlthough though some people do not follow a code of ethics, professional ethics is very important to the success of a business. It is important for all managers to conduct business, internally and externally, ethically and with the utmost integrity. Ethics is personal. What one may consider to be ethically wrong, another may not. However, in business, there are some ethical issues that are univers
Select an accounting scandal from the listing provided in class.
Define the revenue recognition principle and explain why it is important to users of financial statements
Midwest Enterprises made the following entry on December 31, 2012. Interest Expense 10,000 Interest Payable 10,000 (To record interest expense due on loan from Anaheim National Bank.)
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Wheeler Corporation had retained earnings of December 31, 2008 of $ 12 million. During 2009, Wheeler's net income was $ 4 million. The retained earnings balance at the end of 2009 was equal to $ 13 million. Therefore, _________
under a periodic inventory system purchases purchases returns and allowances purchase discounts and transportation in
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the tobias company has 12 obsolete computers that are carried in inventory at a cost of 13200. if these computers are
company manufactures soda cans. a unit of production is a case of 12 dozen cans. the following standards per case
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refer to the original data. assume that the company sold 31000 units last year. the sales manager is convinced that a
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