Which of the Following Actions Would Be Considered Unethical

question 40

Multiple Choice

Which of the following actions would be considered unethical?

• A)A company does not distribute any of its profits to stockholders.
• B)A company rounds the revenues and expenses that it reports on the income statement.
• C)An unintentional mistake made by a new accountant.
• D)Receiving a paycheck for double the amount due to you and not reporting it to your employer.

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Definitions:

Issued

The process of making securities available for sale to the public or the amount of a product or securities distributed to the public.

Contract Rate

The agreed-upon interest rate specified within a contract, particularly in lending agreements.

Market Rate

The prevailing interest rate available in the marketplace for securities or loans, which varies based on demand, supply, risk, and maturity.

Issued

Pertains to securities or documents that have been officially released to the public or specific entities.