Which Ethical Standard Is Violated by an Accountant Who Accepts

question 10

Multiple Choice

Which ethical standard is violated by an accountant who accepts a gift from a client

• A)Credibility
• B)Confidentiality
• C)Competence
• D)Integrity

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Definitions:

Liability

Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of assets, provision of services, or other economic benefits.

Corporation

A business created as a distinct legal entity owned by one or more individuals or entities.

Preferred Shareholders

Investors who own shares of a company that have preferential rights to dividends and asset distribution over common shareholders.

Deep Pockets Mining

A colloquial term suggesting a mining company has substantial financial resources to support long-term investments and operations.