A lawyer who knows that his client is guilty of a breach of contract:
A) must disclose the information to the court
B) commits an ethical violation by representing the client.
C) must keep that information confidential.
D) Both a and b
C
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How are research and development costs reported in the financial statements? Why is this treatment required?
Equity earnings can distort the reported results of a business's operations
Indicate whether the statement is true or false
The Equal Credit Opportunity Act:
A. prohibits discrimination in credit transactions on grounds of sex, marital status, race, color, religion, national origin, and age. B. requires online ads for free credit reports to disclose whether the consumer must buy credit monitoring or other products or services to get the report. C. is designed to protect consumers from inaccurate credit reporting. D. sets forth basic privacy protections that must be provided by financial institutions and requires them to respect the privacy of their customers' nonpublic personal information.
Allowance for Doubtful Accounts has a debit balance of $800 at the end of the year (before adjustment), and an analysis of accounts in the customers ledger indicates doubtful accounts of $15,000. Which of the following entries records the proper provision for doubtful accounts?
A) debit Uncollectible Accounts Expense, $800; credit Allowance for Doubtful Accounts, $800 B) debit Uncollectible Accounts Expense, $14,200; credit Allowance for Doubtful Accounts, $14,200 C) debit Allowance for Doubtful Accounts, $800; credit Uncollectible Accounts Expense, $800 D) debit Uncollectible Accounts Expense, $15,800; credit Allowance for Doubtful Accounts, $15,800