Which of the following is not one of the seven ethical principles outlined as the core of EML?
a. acting in according with one’s own (developed) sense of values or principles pertaining to justice and what is right
b. speaking and acting truthfully—having integrity
c. making good decisions and solving problems effectively
d. acting authentically with transparency
c. making good decisions and solving problems effectively
You might also like to view...
Benefits to individuals through state/national collaborations include all EXCEPT ______.
a. employment benefits b. job training c. advancement opportunities d. early retirement
The Age Discrimination in Employment Act involves persons over ________ years of age.
A. 40 B. 21 C. 35 D. 16
In accounting for research and experimental expenditures incurred in 2018, all of the following alternatives are available with the exception of
A) expense R&E costs in the year paid or incurred. B) expense R&E costs in the year in which a product or process becomes marketable. C) defer and amortize R&E costs as a ratable deduction over a period of 60 months or more. D) capitalize and write off R&E costs only when the research project is abandoned or is worthless.
The net present value of the project is ________. (See Table 11.5)
Table 11.5 Nuff Folding Box Company, Inc. is considering purchasing a new gluing machine. The gluing machine costs $50,000 and requires installation costs of $2,500. This outlay would be partially offset by the sale of an existing gluer. The existing gluer originally cost $10,000 and is four years old. It is being depreciated under MACRS using a five-year recovery schedule and can currently be sold for $15,000. The existing gluer has a remaining useful life of five years. If held until year 5, the existing machine's market value would be zero. Over its five-year life, the new machine should reduce operating costs (excluding depreciation) by $17,000 per year. Training costs of employees who will operate the new machine will be a one-time cost of $5,000 which should be included in the initial outlay. The new machine will be depreciated under MACRS using a five-year recovery period. The firm has a 12 percent cost of capital and a 40 percent tax on ordinary income and capital gains. A) $3,815 B) $2,445 C) $5,614 D) $7,500