ALSE. Write T if the statement is true and F if the statement is false. 17) Ethical values do not vary from person to person 17) 15) The purpose of ethics in accounting is to maintain public confidence in business institutions, 18 financial markets, and the products and services of the accounting profession. 19) A very strong euro in comparison to the US. dollar would benefit American businesses more 19) answers the question. MULTIPLE CHOICE. Choose the one alternative that best completes the statement on 20) What is a stock's book value? 20)- A) the average price of one share of stock over the past year B) the current price of a share of stock in the stock market C) the face value of a share of stock, set by the issuing company's board of directors D) the value expressed by the number of stock shares issued by the board of directors E) the value expressed as total stockholders' equity divided by the total number of shares of stock issued The following questions are True/False 21. 22. Andy Fastow was the only Enron executive who should have been prosecuted The Enron situation can never happen again at another company Mark to market accounting treatment requires companies to be very exact when 23 24 25. stating the revenue The Milgrim Experiment demonstrated that people are willing to do bad things if They are directed to by someone in authority The fraud at Enron was exposed by a whistle-blower