According to Kohlberg’s model of moral development, in which of the following stages of development would cheating on an exam be considered acceptable?
A) Unconventional
B) Preconventional
C) Conventional
D) Postconventional
B) Preconventional
You might also like to view...
A company has net sales of $50,000 during the year. At year end (before an adjustment is made), Allowance for Uncollectible Accounts has a credit balance of $2,500. If the company estimates that 3 percent of net sales are uncollectible, what is the balance in the allowance account after the year-end adjustment has been made using the percentage of net sales method?
A) $1,500 debit balance B) $1,500 credit balance C) $4,000 credit balance D) $1,000 debit balance
In a just-in-time (JIT) environment, end-of-period variance analysis and reporting does not occur
Indicate whether the statement is true or false
A corporation declared and issued a 20% stock dividend on October 1. The following information was available immediately prior to the dividend: Retained earnings$810,000?Shares issued and outstanding 66,000?Market value per share$21?Par value per share$5?The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is:
A. $(277,200). B. $(66,000). C. $66,000. D. $0. E. $277,200.
Danforth Manufacturing Company uses a cost-plus pricing strategy. At the beginning of the year, Danforth estimated that total annual fixed overhead costs would amount to $60,000. Further, Danforth estimated that the annual volume of production would be 1,000 units of product. Based on these estimates, Danforth computed a predetermined overhead rate that was used to allocate overhead cost to the products made throughout the year. As predicted, the actual volume of production amounted to 1,000 units of product. However, actual fixed overhead costs amounted to $56,000. Based on this information alone:
A. a higher than appropriate selling price was assigned to products during the year. B. a lower than appropriate selling price was assigned to products during the year. C. the correct selling price was assigned to products during the year. D. the answer cannot be determined from the information provided.