An integrity-based approach . a. helps very little concerning where questionable practices are occurring and where possible new ethical issues are arising b. usually has a leader allows others to take responsibility for the firm's ethical culture c. usually have chief officers, human resource managers, and board member committees involved with the ethics and compliance program d. does not empower employees but helps them integrate ethical values and principles established by the firm e. views ethics as a deterrent to implementing core values

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.