Use the Following Information for Questions $¥ 9,000$ On Account
- Collected

question 183

Multiple Choice

Use the following information for questions . Ling Company had the following transactions during 2011:
- Sales of $¥ 9,000$ on account
- Collected $¥ 4,000$ for services to be performed in 2012
- Paid $¥ 1,250$ cash in salaries
- Purchased airline tickets for $¥ 500$ in December for a trip to take place in 2012
-What is Ling's 2011 net income using accrual accounting?

• A) \(¥ 7,750\).
• B) \(¥ 11,750\).
• C) \(¥ 11,250\).
• D) \(¥ 7,250\) .

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Definitions:

Ethical Issues

Moral dilemmas or questions about right and wrong that arise in personal lives, professional settings, or social policies.

Law and Order Stage

A stage in moral development where individuals prioritize obedience to laws and respect for authority as essential for maintaining societal order.

Moral Development

The process of learning to distinguish right from wrong and developing the capacity to act based on ethical principles.

Loyal Employee

An individual who demonstrates a strong commitment and dedication to their employer or organization, often exhibiting high levels of engagement and reliability.