The Ethics Codes Do Not Specify That Dual or Multiple

question 23

Multiple Choice

The ethics codes do not specify that dual or multiple relationships:

• A) should be avoided or that nonsexual multiple relationships are unethical.
• B) are clearly grounds for losing your right to practise.
• C) are helpful if you are counselling your friends or relatives.
• D) are impossible to avoid.

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Definitions:

Direct Method

A technique used in accounting to prepare the cash flow statement, where actual cash flows from operating activities are reported instead of adjustments to net income.

Operating Activities

Activities that constitute the primary or main activities of an entity, such as selling goods and services, which are reflected in the statement of cash flows.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within the year or within the operating cycle of the business, whichever is longer.

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle.