As a Certified Management Accountant, Suzanne is bound by the standards of ethical conduct issued by the Institute of Management Accountants. During the course of business, Suzanne learned that her company has decided to discontinue a major product line. If she mentions this fact to her brother, who is a stockbroker, Suzanne could be in violation of the:
A. objectivity standard.
B. competence standard.
C. confidentiality standard.
D. integrity standard.
Answer: C
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Treasury stock is reported as a reduction in stockholders' equity
a. True b. False Indicate whether the statement is true or false
Deficiencies of the traditional cost accounting information system include all of the following except
a. an emphasis on financial performance b. inaccurate cost allocations c. an emphasis on standard costs d. immediate feedback about deviations from the norm
The following data pertains to activity and costs for two months: JuneJulyActivity level in units 10,000 11,000 Direct materials$17,000 $? Fixed factory rent 21,000 ? Other production costs 20,000 ? Total cost$58,000 $61,300 Assuming that these activity levels are within the relevant range, the other production costs for July were: (Round intermediate calculations to 2 decimal places.)
A. $21,600 B. $19,500 C. $22,000 D. $20,000
Information from merchandise tags or product labels is recorded directly into in-store computer terminals for immediate data processing in a _____ system
a. point-of-sale b. visual inspection c. manual perpetual inventory d. stock-counting