It is unethical, and considered a form of manipulation, to classify a cash flow as an investing or financing activity, when it really is an operating activity

Indicate whether the statement is true or false


T

Business

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A growing portion of US R&D expenditures goes to the development as opposed to the research side

Indicate whether the statement is true or false

Business

Lawes Company, a cash basis business, mailed a $24,500 invoice to MWQ Partnership for professional services rendered. MWQ offered to pay the invoice by transferring 250 shares of ConAgri common stock to Lawes. The shares are selling on the NYSE at $98 per share. If Lawes accepts the shares in payment, it recognizes:

A. No taxable income until it sells the ConAgri shares for cash. B. It is illegal for a cash basis taxpayer to accept a noncash payment. C. $24,500 taxable income. D. No taxable income.

Business

Customer satisfaction is a common SLA metric.

Answer the following statement true (T) or false (F)

Business

The ethical approach that is low in self-interest and high in concern for others is ______.

A. utilitarianism B. altruism C. apathea D. ethical egoism

Business