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Question - Scenario 1 - You are a clinical researcher at a pharmaceutical company. Your company has produced a vaccine for an illness that is currently affecting a large number of people around the world. Given the high human and economic costs of the illness, your company is under pressure to certify the vaccine as safe and to begin distributing it to the public immediately, even though the standard set of clinical trials for a vaccine of this type are not yet complete. You and a colleague have been asked to jointly recommend whether the company should circumvent standard protocols and issue the vaccine. As of now, the vaccine appears to provide some protection against the illness and has not been shown to be harmful to experimental participants. What are the ethical issues in this case? What actions, if any, should you take?
Scenario 2 - You are a new associate auditor and have been assigned to the annual audit of a major information technology company. Your senior has asked you to review goodwill for possible impairments, while indicating that this is usually an area where they have found no issues.
The client provides you with a spreadsheet supporting the current goodwill valuation, which indicates that there is no need for an impairment. This valuation is based on projected average sales growth of 7% over the next three-to-five years. During your review, you note that the average sales growth over the last five years has averaged 5%. What are the ethical issues in this case? What actions, if any, should you take?
The project requires $830,000 in initial net working capital investment to get operational. Calculate the net present value
If your persuasion efforts fail, how would you go about obtaining the job analysis information you need to develop the job description for his position?
Prepare the journal entry to record bad debts expense for 2008, assuming that an aging of accounts receivable indicates that expected bad debts are $116,814
Serial Problem Business Solutions - What is the total cost of Job 615 if Business Solutions applies overhead at 50% of direct labor cost
Sergio is single, is paid $2,750 per week, and claims two withholding allowance. What is the amount of federal income tax withheld from Sergio's gross wages
explain how income tax expense and any deferred income taxes should be disclosed on the financial statements under
The balance of accounts receivable is $275,000. Prepare the adjusting entry to record uncollectible accounts expense.
Assume that Uncle applies the equity method to account for this investment in Nephew. What is the subsidiary's income recognized by Uncle in 2018
On January 1, 2020, purchase equipment costing $20,200 with an estimated life of five years. Calculate the current year annual depreciation expense
What is Mason's additional Medicare tax liability? Mason (single) is a 50 percent shareholder in Angels Corp. (an S Corporation).
Parker has an income tax rate of 35%. Explain whether this is a deferred tax asset or deferred tax liability, and calculate the amount
Finished goods consistently maintained at 60% of the following month's sales. If units cost $8 each to produce, how much is February total cost of production
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