Case 5.1 joan is designing an ethics training program for her company. she decides to build it around the story of the founder of the corporation, rosa. rosa's "rags-to-riches" story reveals a woman with strong standards of personal conduct, deep personal values and beliefs, and a pattern of good judgment. rosa attributes her success to the upbringing she had as a child. a second portion of the training program will review the company's values, ethics code, and policies so that all employees are very clear on where the company stands on key issues and business behaviors. refer to case 5.1. rosa seems to have a high level of integrity, which must mean she has kept her a. character. b. purpose. c. commitments. d. religion.

Trecek corporation incurs research and development costs of $625,000 in 2017, 30 percent of which relate to development activities subsequent to ias 38 criteria having been met that indicate an intangible asset has been created. the newly developed product is brought to market in january 2018 and is expected to generate sales revenue for 10 years. assume that a u.s.–based company is issuing securities to foreign investors who require financial statements prepared in accordance with ifrs. thus, adjustments to convert from u.s. gaap to ifrs must be made. ignore income taxes. required: (a) prepare journal entries for research and development costs for the years ending december 31, 2017, and december 31, 2018, under (1) u.s. gaap and (2) ifrs. (c) prepare the entry(ies) that trecek would make on the december 31, 2017, and december 31, 2018, conversion worksheets to convert u.s. gaap balances to ifrs.

Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive

Stosch company's balance sheet reported assets of $112,000, liabilities of $29,000 and common stock of $26,000 as of december 31, year 1. if retained earnings on the balance sheet as of december 31, year 2, amount to $74,000 and stosch paid a $28,000 dividend during year 2, then the amount of net income for year 2 was which of the following? a)$23,000 b) $35,000 c) $12,000 d)$42,000