Bayside Marina Company and Canoes & Kayaks Inc, share officers, directors, employees, property, and equipment. In reliance on Bayside Marina's reputation, Delivery Transport Inc contracts to perform services for Canoes & Kayaks, but the firm does not pay. In terms of liability to Delivery Transport, a court is most likely to treat Bayside Marina and Canoes & Kayaks as
a. a pass-through entity.
b. a natural person.
c. a tax-paying entity.
d. a partnership by estoppel.
D
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On a corporate income statement, income from continuing operations
a. will exceed net income. b. will equal net income. c. will be less than net income. d. can equal, exceed, or be less than net income.
Internal databases usually can be accessed more quickly and cheaply than other information sources
Indicate whether the statement is true or false
What type of background check should one conduct if an organization is concerned about the safety and welfare of customers and employees and the security of company property?
A. education history verification B. driving record verification C. criminal history verification D. work history verification
For a firm to become a highly ethical organization, it must have several key elements: role models; corporate credos and codes of conduct; reward and evaluation systems; and policies and procedures. Explain briefly each of these elements.
What will be an ideal response?