A conflict of interest would be present if:
A) the client company's leaders cannot decide which ad agency to select
B) the ad agency already represents a similar product
C) the client company employs several former members of the ad agency
D) the ad agency employs several former members of the client company
B
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Singer and McMann are partners in a business. Singer's original capital was $40,000 and McMann's was $60,000 . They agree to salaries of $12,000 and $18,000 for Singer and McMann, respectively, and 10% interest on original capital. If they agree to share remaining profits and losses on a 3:2 ratio, what will McMann's share of the income be if the income for the year is $15,000?
a. $6,000 b. $9,400 c. $12,600 d. $14,000
The balance in Discount on Bonds Payable
a. should be reported on the balance sheet as an asset because it has a debit balance b. should be allocated to the remaining periods for the life of the bonds by the straight-line method, if the resultsobtained by that method materially differ from the results that would be obtained by the effective interestrate method c. would be added to the related bonds payable to determine the carrying amount of the bonds d. would be subtracted from the related bonds payable on the balance sheet
Instead of differentiating a product or service, an organization can add to the product or service to increase its value to the consumer.
Answer the following statement true (T) or false (F)
The secretary-general of the United Nations (UN) is elected by the Security Council
Indicate whether the statement is true or false