Joe, the owner of ABC Electronics, just discovered that his trusted friend Paul, his accountant for over 30 years, has been mishandling the company books and stealing from the company bank account. Joe must decide whether to ignore his friend's actions and avoid bad publicity for ABC Electronics, or to have Paul arrested for embezzlement. Joe is facing
A. a whistle-blower.
B. a synergy factor.
C. an issue of corporate governance.
D. a social audit.
E. an ethical dilemma.
E. an ethical dilemma.
An ethical dilemma is a situation in which you have to decide whether to pursue a course of action that may benefit you or your organization, but that is unethical or even illegal.
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Answer the following statements true (T) or false (F)
1. All available-for-sale debt investments are reported as long-term assets on the balance sheet. 2. The unrealized holding gains and losses on available-for-sale debt investments are reported on the income statement. 3. The unrealized holding gains and losses on available-for-sale debt investments are recorded as an adjustment to the Unrealized Holding Gain—Available-for-Sale account or Unrealized Holding Loss—Available-for-Sale account. 4. The Unrealized Holding Gain Available-for-Sale account and Unrealized Holding Loss—Available-for-Sale account are included the Other Income and (Expenses) section of the income statement.
Presented below are the financial balances for the Boxwood Company and the Tranz Company as of December 31, 2017, immediately before Boxwood acquired Tranz. Also included are the fair values for Tranz Company's net assets at that date. Boxwood Tranz Co. Tranz Co.?(all amounts in thousands) Book value Book value Fair value 12/31/2017 12/31/2017 12/31/2017Cash$870 $240 $240 Receivables 660 600 600 Inventory 1,230 420 580 Land 1,800 260 250 Buildings (net) 1,800 540 650 Equipment (net) 660 380 400 Accounts payable (570) (240) (240)Accrued expenses (270) (60) (60)Long-term liabilities (2,700) (1,020) (1,120)Common stock ($20 par) (1,980) Common stock ($5
par) (420) Additional paid-in capital (210) (180) Retained earnings (1,170) (480) Revenues (2,880) (660) Expenses 2,760 620 ??Note: Parenthesis indicate a credit balance??Assume a business combination took place at December 31, 2017. Boxwood issued 50 shares of its common stock with a fair value of $35 per share for all of the outstanding common shares of Tranz. Stock issuance costs of $15 (in thousands) and direct costs of $10 (in thousands) were paid to effect this acquisition transaction. To settle a difference of opinion regarding Tranz's fair value, Boxwood promises to pay an additional $5.2 (in thousands) to the former owners if Tranz's earnings exceed a certain sum during the next year. Given the probability of the required contingency payment and utilizing a 4% discount rate, the expected present value of the contingency is $5 (in thousands).?Compute consolidated revenues immediately following the acquisition. A. $1,170. B. $3,540. C. $4,050. D. $2,880. E. $1,650.
Which of the following is a way to motivate action through a persuasive message??
A) ?Define the desired action in general terms. B) ?Introduce the central selling point as a reason for taking action late in the message. C) ?Provide an incentive for quick action. D) ?Use "if" and "what if" sentences to try to initiate action.
In some states, the taking of information from a computer without the consent of the owner is called _______
A) unauthorized use of computers B) diverted delivery by computer. C) computer trespass. D) economic espionage by computer.