The teleological ethical theories are grouped together because “what is right?” is answered by looking at ______.
A. character
B. rules
C. Duty
D. outcomes
D. outcomes
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Answer the following statements true (T) or false (F)
1. Companies are required to report plant assets as a single amount, with a note to the financial statements that provides detailed information. 2. Companies may choose to report plant assets as a single amount, with a note to the financial statements that provides detailed information, or companies may provide detailed information on the face of the statement. 3. IFRS permits the presentation of plant assets at their fair market value. 4. U. S. Generally Accepted Accounting Principles permits the presentation of plant assets at their fair market value.
Generally accepted accounting principles (GAAP):
a. tend to be more principles-based than standards in other countries. b. allow for companies to exploit loopholes in the standards. c. enable companies to find specific rules to support their fraudulent transactions. d. tend to be more objectives-based than standards in other countries.
Tonya Williams is employed by the Change Corporation as a crane operator. During the course of operating the crane, Tonya was injured when the cable swung back and shattered the glass in the operating booth. The investigation revealed that Tonya was operating the crane improperly. Can Tonya still recover for her injuries? How?
Pickrel Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per MonthVariable Element per Well ServicedRevenue $5,500Employee salaries and wages$53,700 $1,300Servicing materials $600Other expenses$34,400 ?When the company prepared its planning budget at the beginning of November, it assumed that 27 wells would have been serviced. However, 31 wells were actually serviced during November.?The amount shown for total expenses in the planning budget for November would have been closest to:
A. $139,400 B. $146,200 C. $147,000 D. $127,335