The discipline in which matters of right and wrong are systematically examined is known as:
a. Morality
b. Ethics
c. Intuition
d. A and B
e. B and C
b
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Which of the following statements regarding available-for-sale debt investments is true?
A) The realized gain on sale is determined by comparing the amortized cost of the investment with its selling price. B) Income is affected by temporary changes in market value. C) All debt security investments can only be classified as current. D) Unrealized holding gains/losses are reported on the income statement.
Proponents of personalistic ethics argue that
A. everyone ought to decide for themselves what is right based on their conscience. B. the best way to achieve the greatest good is to closely follow a set of rules and principles. C. the worth of a particular action is judged on the basis of the consequences it produces. D. societies, organizations and cultures determine what is ethically appropriate and acceptable within that group.
Many analysts use ____________________ as a crude measure of a firm's ability to pay down debt
Fill in the blank(s) with correct word
What is measured by the accumulated benefit obligation?
a. The pension expense, computed by the plan formula applied to years of service to date, assuming future salary levels b. The pension expense, computed by the plan formula applied to years of service to date, using existing salary levels c. The pension obligation, computed by the plan formula applied to years of service to date, assuming future salary levels d. The pension obligation, computed by the plan formula applied to years of service to date, using existing salary levels