Question: 6. What ethical issues might accounting professionals face in dealing with confidential information? A) An auditor may become aware of a business strategy that could
6. What ethical issues might accounting professionals face in dealing with confidential information? A) An auditor may become aware of a business strategy that could be a profitable opportunity. B) An auditor may become aware that a client may be involved in an illegal transaction. C) An auditor could become aware that a friend will be fired in the upcoming year. D) All of these would examples of ethical issues. 7. Tim Roadster began Roadster Servicing on April 1, 2017, and showed the following items after the first month of operations. Which of these items belongs on the balance sheet? A) Supplies B) Salary expense C) Supplies expense D)Fees earned 8. Investments by an owner affects the account(s). A) capital B) investment C) liabilities D) withdrawals 9. are resources controlled by an organization that have current & future benefits. A) Liabilities B) Assets C) Capital D) None of the above 10. Which of the following statements about normal account balances is FALSE? A) The normal account balance for an asset account is debit. B) The normal account balance for a liability account is credit C) The normal account balance for a revenue account is debit. D) The normal account balance for an expense account is debit
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