Which of the Following Events Would NOT Be Considered Unethical

question 111

Multiple Choice

Which of the following events would NOT be considered unethical under IMA standards?

• A) An accountant told his friends about the bids his company had received from contractors for construction contracts.
• B) An accountant provided a list of his company's foreign transactions to an investigative reporter who was working on a story for the paper.
• C) An accountant provided a list of his company's qualified suppliers to a small businessman that wanted to set up a similar business on his own.
• D) An accountant provided a copy of his company's published financial statements to a relative who owned a business that was directly competing with the accountant's company.

Calculate net advantage to leasing (NAL) and understand its implications.

Understand and apply the concept of depreciation tax shields and their impact on leasing and buying decisions.

Apply the concept of after-tax lease payments in analyzing financial decisions.

Understand how different tax rates affect leasing versus buying decisions.

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Definitions:

Market Making

A financial service activity where a firm quotes both buy and sell prices for financial instruments, facilitating liquidity and trading activity in the market.

Transaction Costs

Expenses incurred when buying or selling goods or services, which may include fees, taxes, or other costs beyond the price of the product itself.

Wealth

The total value of all financial assets and tangible possessions owned by an individual or entity after deducting liabilities.

Ask

The lowest price a seller is willing to accept for a given asset in financial markets; also known as the offer price.