Anything of Value Owned by a Person or a Firm

question 45

Multiple Choice

Anything of value owned by a person or a firm is

• A)an asset.
• B)a liability.
• C)wealth.
• D)owner's yield.

Recognize the fundamental role of courage in establishing moral worth and dignity.

Identify key moral and ethical guidelines influencing workplace behavior.

Understand the concept and importance of ethical climate in an organization.

Describe different ethical climates within organizations and their impact.

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Definitions:

CGT

Capital Gains Tax (CGT) is a tax on the profit earned from the sale of non-inventory assets that were purchased at a cost amount that was lower than the amount realized on the sale.

Flotation Cost

The total costs a company faces in issuing new securities, including underwriting, legal, and registration fees.

Cost of New Stock

The costs associated with issuing new shares of stock, including the underwriting and administrative costs.

Retained Earnings

The portion of net income that is retained by a company rather than distributed to its shareholders as dividends.