Nguyen Imports, Inc, accuses Ogilvie, an accountant, of committing defalcation. This is
a. embezzlement.
b. general misconduct.
c. professional negligence.
d. misrepresentation of professional expertise.
A
You might also like to view...
Modern Designs is a new business. During its first year of operations, credit sales were $43,000 and collections of credit sales were $34,000. One account, $625, was written off. Management uses the percent-of-sales method to account for bad debts expense and estimates 3% of credit sales to be uncollectible. Bad debts expense for the first year of operations is ________.
A) $665 B) $1290 C) $625 D) $2310
Organizations can make full use of their capacity to reduce their costs during ______.
A. the introduction stage of the product’s life cycle B. the growth stage of the product’s life cycle C. the maturity stage of the product’s life cycle D. the decline stage of the product’s life cycle
An attorney’s commission of a crime constitutes professional misconduct even absent proof that it reflects adversely on the person’s fitness as a lawyer.
Answer the following statement true (T) or false (F)
Anything for which managers want a separate measurement of cost is called a ________
A) responsibility center B) cost object C) profit object D) conversion cost