Which Most Closely Identifies Why It Is Important for Payroll

question 22

Multiple Choice

Which most closely identifies why it is important for payroll accountants to adhere to the AICPA Code of Ethics?

• A)To maintain company profitability.
• B)To overlook fraudulent actions of company officers.
• C)To protect the assets of the company and remit money owed to the government.
• D)To maintain personal standards only.

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Definitions:

Cash Inflow

The total amount of money being received by a company, often from its main activities such as sales of goods or services.

Investment Required

The amount of capital needed to undertake a project, purchase assets, or start a business to generate future returns.

Capital Budgeting

The process of evaluating and selecting long-term investments that are in line with the goal of shareholder wealth maximization.

Discount Rate

The interest rate used to discount future cash flows to their present value, often used in investment appraisal.