What is wrongful discharge and under what circumstances does the law prohibit the discharge of a worker?


Wrongful discharge means that an employer may not fire a worker for a reason that violates basic social rights, duties, or responsibilities. Under the principle of wrongful discharge, employers:
• may not discharge an employee for refusing to break the law;
• may not fire an employee for serving on a jury;
• may not discharge a worker for exercising a legal right if that right supports public policy; and
• courts are sometimes willing to protect employees who do the right thing, even if they violate the boss's orders.

Business

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The reliability of the information in a company's financial statements is the responsibility of which of the following?

a. The Securities and Exchange Commission (SEC) b. The Certified Public Accountant in charge of the audit of the company's financial statements c. Clients d. None of these choices.

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Insistence from the CEO that she must be present at all meetings between the audit committee and internal/external auditors would cause auditors to assess inherent risk at a higher level

a. True b. False Indicate whether the statement is true or false

Business

Crescent Corporation's interest revenue for 2013 was $13,100 . Accrued interest receivable on December 31 . 2013 . was $2,275 and $1,875 on December 31 . 2012 . The cash received for interest during 2013 was

a. $1,350. b. $10,825. c. $12,700. d. $13,100.

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Eastview Company uses a perpetual LIFO inventory system, and has the following purchases and sales: January 1150 units were purchased at $9 per unit.January 17120 units were sold.January 20160 units were purchased at $11 per unit.January 29150 units were sold. What is the value of cost of goods sold?

A. $2,730. B. $2,670. C. $2,750. D. $440. E. $380.

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