Which of the Following Topics Would Least Likely Be Contained

question 61

Multiple Choice

Which of the following topics would least likely be contained in a company's statement of its core values?

• A) A commitment to having fun and creating a fun work environment
• B) A commitment to operating excellence and superior results
• C) Mandating full compliance with all laws and regulations
• D) Exhibiting such qualities as integrity,fairness,trustworthiness,pride of workmanship,respect for co-workers,and ethical behavior
• E) Exhibiting teamwork and cooperative attitudes

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Definitions:

Contra-Asset Account

A contra-asset account is an account used in the financial accounting to offset against an asset account on the balance sheet.

Accounts Receivable

This refers to the money owed to a company by its customers for goods or services delivered or used but not yet paid for.

Allowance for Doubtful Accounts

The allowance for doubtful accounts is a contra-asset account that estimates the amount of receivables that may not be collectible.

Future Transaction Value

The predicted or estimated financial value of a transaction that will occur at a later date, often used in forecasting and budgeting.