The Occurrence That Most Likely Would Have No Effect on 2014

question 19

Multiple Choice

The occurrence that most likely would have no effect on 2014 net income is the

• A) sale in 2014 of an office building contributed by a stockholder in 1961.
• B) collection in 2014 of a dividend from an investment.
• C) correction of an error in the financial statements of a prior period discovered subsequent to their issuance.
• D) stock purchased in 1996 deemed worthless in 2014.

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Definitions:

Performance Targets

Specific goals set by a company or an individual, often quantifiable, aimed at measuring success or achievement in certain areas.

Ethical Responsibility

This concept pertains to the duty to act in a morally sound way, considering the impact of one's actions on others and society.

Personal Ethical Standards

The moral principles that an individual upholds in their personal and professional life.

Local Newspaper

A publication focusing on news, events, and topics of interest within a specific local or regional community.