Answer:
Yes you have violated ethical standards
Explanation:
The companie's policy is that all expenses must be reported. The taxi fare plus the tip were just $10 but you intend to report $20.
The company policy of not having to give receipt of amounts less than $25 is being manipulated to extort money from the company.
You were involved in a unethical practice where transport fare is reported as $20 instead of $10 for personal gain of the extra $10.
Answer:
$47,100
Explanation:
The amount to be invested is not more than 30 % of $157,000
=30% x $157,000
=30/100 x $157,000
=0.3 x $157,000
=$47,100
Answer: Option D
Explanation: Owners equity refers to the amount of funds made available by the owners to operate the business activities. It includes initial capital invested and profits generated for the period
In the given case, the expense of $800 did not bring any assets or liabilities to the entity. Such an expense will be recorded in income statement leading to decrease in profits, thus, resulting in decrease in owners equity.
