hich principle of accounting from the AICPA addresses the standard that professionals should serve the public, honor the public trust, and demonstrate professionalism?
A. principle 1: responsibilities
B. principle 2: serve the public interest
C. principle 3: integrity
D. principle 4: objectivity and independence
B. principle 2: serve the public interest
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A company's production department was experiencing a high defect rate on the assembly line, which was slowing down production and causing a higher waste of valuable direct materials. The production manager decided to purchase a higher grade of materials that would be more reliable. This would produce a(n) ________.
A) favorable direct materials cost variance B) unfavorable direct labor cost variance C) unfavorable direct labor efficiency variance D) favorable direct materials efficiency variance
All of the following can be employee payroll withholdings except
a. state income taxes. b. medical insurance premium payments. c. charitable contributions. d. federal unemployment tax.
During her second winter at Seagull Terrace, Carol identified several business travelers who were repeat customers and who were enthusiastic about the value offered by the resort
Carol offered a special discount and reward program for those travelers who made recommendations to friends and colleagues that would lead to new customers for Seagull Terrace. Carol was interested in creating ________. A) customer satisfaction B) customer retention C) product champions D) switchable customers E) customer differentiation
If a wealthy client with no children wishes to leave $500,000 to the local chapter of American Red Cross, that client may want to create:
A) a spendthrift trust. B) a resulting trust. C) a constructive trust. D) a charitable trust.