Nikita, an employee-agent of Operational Processes, Inc, is authorized to access company trade secrets. Nikita downloads those secrets onto a thumb drive. She then quits Operational's employ and goes to work for Quantum Analysis, Inc, an Operational competitor, with whom she shares the secrets. With respect to the agent's duty of loyalty to her principal, this is
a. unethical, but not illegal.
b. neither unethical nor illegal.
c. illegal, but not unethical.
d. unethical and illegal.
d
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The document that a company would issue to a customer for merchandise returned is called a(n)
a. sales allowance; b. credit memorandum; c. debit memorandum; d. allowance memorandum; e. credit allowance
Managers are typically faced with all of the following primary choices and estimates when allocating acquisition costs of tangible assets and intangible assets to the periods benefited except:
a. choosing an allocation method b. estimating useful life c. estimating salvage value d. establishing a reserve for obsolescence
At the beginning of the year, Green Street Manufacturing had the following account balances:
The following additional details are provided for the year:
After adjusting the balance in Manufacturing Overhead, the ending balance in the Finished Goods Inventory account is a ________.
A) credit of $57,000
B) debit of $65,000
C) credit of $433,000
D) debit of $73,000
Which balance sheet accounts are most affected by operating activities?
a. Current assets and current liabilities b. Long-term assets c. Long-term liabilities d. Stockholders' equity.