Under the IMA's standards of ethical practice, an accounting professional can consider informing authorities or individuals not employed by the organization when an ethical dilemma occurs about an accounting or financial reporting matter that remains unresolved if he/she:
A. Informs the external auditors who tell him/her to inform the appropriate authorities
B. Believes there has been an ethical violation
C. Believes there is a clear violation of the law
D. Contacts his/her immediate superior who says to forget about the matter
Answer: C
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When a company discards machinery that is fully depreciated, this transaction would be recorded with the following entry:
a. debit Accumulated Depreciation; credit Machinery b. debit Machinery; credit Accumulated Depreciation c. debit Cash; credit Accumulated Depreciation d. debit Depreciation Expense; credit Accumulated Depreciation
Morphological analysis starts by forming a new dimension and then thinks about the possible problems of the dimension
Indicate whether the statement is true or false
Which of the following accounts probably would not appear in a trial balance but probably would appear in an adjusted trial balance?
a. Accumulated Depreciation–Equipment b. Cash c. Depreciation Expense–Equipment d. Unearned Revenue
In which section of a presentation will a speaker use most of his or her research and evidence?
a. body b. conclusion c. introduction d. preview