Lia works for Media Marketing Company. Her job includes putting "spin" on the firm's successes and failures. In this context, ethics consist of
a. "bad" versus "good" publicity.
b. questions of rightness and wrongness.
c. the firm's quarterly revenue.
d. whatever is legal.
b
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Since REA databases do not employ journals and ledgers, how can they support financial statement reporting?
When a credit sale takes place,
a. revenue account will increase. b. liabilities will increase. c. one asset account will increase and another will decrease. d. assets will be unaffected.
On December 1, 2012, Alex's Drug Store concluded that a customer's $325 account receivable was uncollectible and that the account should be written off. What effect will this write-off have on Alex's 2012 net income and balance sheet totals assuming the allowance method is used to account for bad debts?
A) Decrease in net income; decrease in total assets B) Increase in net income; no effect on total assets C) No effect on net income; decrease in total assets D) No effect on net income; no effect on total assets
Identify a true statement about cellphone communication.?
A) ?Cellphone communication dramatically deteriorates performance among salespersons. B) ?Confidential or sensitive information can be effectively shared through cellphones. C) ?Cellphone communication is cost-effective when communicating with people located in several locations and time zones. D) ?The radio frequencies that transmit the voice signals in cellphone communication can be picked up by other equipment.