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Suppose a management accountant becomes aware of a confidential but illegal act that has occurred within her company. The management accountant must consider what she is ethically bound to do about this situation. Three alternative responses to this situation are given below. State whether you agree or disagree with each, and briefly detail your reasons. The accountant must remain loyal to the company at all times and should report the occurrence only to appropriate officials within the company. The accountant is bound to inform officials only if she stands to personally gain (make money) from knowledge of the illegal act. The accountant must exercise personal judgment; a clear-cut answer does not exist given the limited information provided.
An example of an economic entity us a"
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On the statement of cash flows prepared by the indirect method, a $50,000 gain on the sale of investments would be:
Depreciation for the current year includes Office Furniture, $1,000 and Equipment, $2,700. Make a compound entry. Callaway prepays insurance on March 31 each year. At December 31, $600 is still prepaid. Callaway pays employees each Friday. The amount..
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There is an unfavorable profit variance which means that the company earned less that it prepared for.Calculate and interpret the revenue variance.
if a coumpany has 4000 units started by the end of a period all but 400 are completed. the 400 units are 80 complete
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