________ are amounts received in advance from customers for future products or services.
Fill in the blank(s) with the appropriate word(s).
Unearned revenues
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Auditors face ethical issues because
A) GAAP permits various standards to be used to produce profits. B) auditors may express an opinion that may impact employees of a company. C) auditors may not discover insider trading. D) GAAP does not permit fraud.
Servant leaders communicate by ______ first.
A. motivating B. envisioning C. empowering D. listening
Continuing with the numbers from the previous question, compute new value of the firm's levered equity, , after the following actions by the firm's management:
Management issues additional pure-discount debt which has a promised payment of X'=621 at T=3 and has the same priority as the firm's original debt. The firm receives total proceeds of 500 for the new debt. Management uses the proceeds to double the firm's operations under identical conditions, such that V=1,000, =1,500, and =666.67. a. 217.3 b. 258.3 c. 298.3 d. 338.3 FORMULAS: ; EL = ;
“In a democratic society, power is taken away from those who abuse it” is a workable definition of:
a. Carroll’s CSR rule b. The Iron Law of Social Responsibility c. The Alien Tort Claims Act d. An accommodative view of CSR