When Angela Graduated with a Degree in Computer Science and Started

question 188

Multiple Choice

When Angela graduated with a degree in computer science and started her software company, she posted a sign that read, "This company will always operate within the legal limits of the law." Posted where all employees could clearly see it each day, this demonstrated:

• A) her commitment to high ethical standards of behavior.
• B) her commitment to respect the law.
• C) her expectation that all employees follow the laws that apply to the business.
• D) her aversion to cheating, stealing, and dishonesty.

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Definitions:

Elimination

The process of removing intercompany transactions when consolidating financial statements of a group.

Consolidation

The process of combining the financial statements of multiple subsidiaries with those of the parent company to present as a single entity.

Company Tax Rate

The percentage of a company's taxable income that it must pay to the government as corporate income tax.

Rent Revenue

Income earned by a company from renting out properties or equipment to others.