Under rules of professional conduct, committing a criminal act that reflects adversely on a person's "honesty" is professional misconduct.
Answer the following statement true (T) or false (F)
True
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Answer the following statements true (T) or false (F)
1. If a contingency is remote, the company does not need to record a liability and does not need to disclose it in the notes to the financial statements. 2. A contingency was evaluated at year-end and considered to have a remote possibility of becoming an actual liability. If this is not reported on the balance sheet or in the notes to the financial statements, it could be considered a violation of generally accepted accounting principles. 3. A contingency was evaluated at year-end and considered to have a reasonable possibility of becoming an actual liability. If this was not reported on the balance sheet or in the notes to the financial statements, it could be considered a violation of generally accepted accounting principles. 4. Contingencies that are reasonably possible have a greater chance of occurring but are not likely. 5. Contingencies that are reasonably possible are not described in the notes to the financial statements.
The first step in the accounting cycle is to analyze transactions and events to prepare for journalizing.
Answer the following statement true (T) or false (F)
Professionals:
a. are persistent and determined. b. are focused only on themselves and their goals. c. are not team players. d. do not recognize organizational structure and individual roles.
Leader-member exchange (LMX) theorists argue that leaders have
a. one leadership style that they use with everyone b. individualized, personal relationships with each member of their group c. two dominant styles, backed up by two supplementary styles d. three dominant styles, backed up by three complementary styles