Austin Contributes His Computer Equipment to the Landscaping Partnership He

question 8

Multiple Choice

Austin contributes his computer equipment to the landscaping partnership he starts with Bentley.At what amount should the computer equipment be credited to Austin's partnership capital?

• A)The tax basis
• B)The fair value at the date of contribution
• C)Austin's original cost
• D)At the amount that Bentley contributes,with the assumption that they both contribute equally to the partnership

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Definitions:

Moral Development

The process by which individuals acquire and refine ethical principles and behaviors over time.

Ethical Reasoning

The act of examining and deciding upon choices based on adherence to ethical norms.

Organizational Culture

The set of shared beliefs, values, customs, and practices that influences the way employees interact and work in a company.

Ethical Intensity

indicates the degree to which an issue or situation is recognized as having ethical implications that affect its stakeholders.