Plato believed one cannot make ethical decisions without first developing virtue
Indicate whether the statement is true or false
TRUE
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Jin Kwan comes from an Asian culture; why might he view high context messages as valuable?
A. High context messages are ambiguous and help both parties prevent embarrassment. B. High context messages cause one to lose face without being confronted directly. C. High context messages require partners to be active listeners. D. Jin Kwan wouldn’t value high context messages. Asians prefer low context messages.
The type of qualitative research in which the purposes of the project are disguised from the respondents is called ________
A) a direct approach B) a panel C) an indirect approach D) a survey E) a masked approach
Which of the following is the usual final step in the accounting cycle?
A. Journalizing transactions. B. Preparing the financial statements. C. Preparing a post-closing trial balance. D. Preparing an adjusted trial balance. E. Preparing a work sheet.
On December 31, 2016, the Town Hall Company had a deferred tax liability balance of $12,570, arising from an excess of MACRS depreciation for tax purposes over straight-line depreciation for accounting purposes. The tax effects of that timing difference are expected to reverse in the following years: ? Timing Enacted Deferred Year Difference Tax Rate Tax Liability 2017 $ 16,000 30% $ 4,800 2018 9,500 35% 3,325 2019 12,700 35% 4,445 ? ? ? $12,570 On January 27, 2017, Congress raised the effective income tax rate to 38% for all future years, including the current year, 2017. ? Required:Prepare the entry to record any adjustments necessary due to the income tax rate increase on January 27, 2017.
What will be an ideal response?