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What were two ethical problems with Milgram's (1963) famous obedience study? How does each one fit into the framework for thinking about ethical issues?
Accrued Fees
Fees that have been incurred but not yet paid, representing a liability on the balance sheet until they are settled.
Journalized
The act of recording a transaction in an accounting journal.
Vertical Analysis
A method of financial statement analysis in which each entry for each of the three major categories (assets, liabilities, and equities) in a balance sheet is represented as a proportion of the total account.
Income Statements
A financial statement that shows a company's revenues and expenses over a specific period, culminating in the net income or net loss.
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