In a corporate compliance program, the Justice Department expects to receive frequent reports from the company that discuss successes and failures in implementing the program
a. True
b. False
Indicate whether the statement is true or false
False
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Which one of the following adjustments decreases net income for the period?
a. Recognition of depreciation on plant assets b. Recognition of interest on a note receivable c. Recognition of services that had been provided to customers but the cash has not yet been received d. Recognition of rent as earned that had been received in advance from customers
A bank loaned Darden Company $10,000 on a 1-year, 6% note, but deducted the interest in advance. The journal entry made by Darden to record receipt of the cash would include a
a. an increase in Cash for $9,400 b. an increase in Cash for $600 c. a decrease in Notes Payable for $10,600 d. a decrease in Notes Payable for $9,400
What is the decision maker’s first step in the critical thinking decision-making process?
a. Consider the consequence of virtuous action to the self. b. Decide whether or not the issue has ethical dimensions. c. Ask what one’s peers would do in the situation. d. List all options under consideration.
The benefits of transportation by pipeline include ______.
a. more disruptions from inclement weather b. more worker strikes and absenteeism c. safety and security d. the need to switch transportation points