Which of the Following Is One of the Key Standards

question 143

Multiple Choice

Which of the following is one of the key standards of ethical practice published by the Institute of Management Accountants (IMA) ?

• A) social responsibility
• B) environmental sensitivity
• C) technicality
• D) confidentiality

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Definitions:

Carrying Value

The net amount at which an asset is valued on the balance sheet, calculated as the original cost minus accumulated depreciation and impairments.

Bond Payable

A long-term liability where a borrower agrees to pay the bondholder the principal plus interest on a specified date.

Straight-Line Method

A method of calculating depreciation of an asset that evenly spreads the cost over its useful life.

Bond Interest Expense

The cost associated with the interest payments on an issuer's bonds payable.