Organizational ethics can be thought of as:
A. Descriptions of how ethics occurs at a company
B. Principles and standards of behavior that guide business decisions
C. Rules of conduct that establish legal requirements for businesses
D. Standards of reporting ethical violations
B. Principles and standards of behavior that guide business decisions
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If a retiring partner withdraws cash equal to his capital account, the remaining partners' capital accounts will be adjusted
Indicate whether the statement is true or false
Employee fraud involves three steps. Of the following, which is not involved?
a. concealing the crime to avoid detection b. stealing something of value c. misstating financial statements d. converting the asset to a usable form
Which of the following is true about the questionnaire development process?
A) There is no questionnaire development process; each study is unique. B) Sample size is included in the process because you must know how many questions to include. C) You should gain client approval, pretest, and revise as needed. D) Data should be gathered early during the development process. E) all of the above are steps in the questionnaire development process
Cosmos Corporation had the following long-term investment transactions.Jan 2Purchased 5,000 shares of Visual, Inc. for $42 per share. These shares represent a 35% ownership of Visual. Oct 15Received Visual, Inc. cash dividend of $2 per share.Dec 31Visual reported a net loss of $66,000 for the year.Prepare the journal entries Cosmos Corporation should record for these transactions and events.
What will be an ideal response?