Net Income Results in A(n)

question 4

Multiple Choice

Net income results in a(n)

• A) increase in owner's equity.
• B) increase in revenues.
• C) decrease in expenses.
• D) decrease in liabilities.

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Definitions:

Unethical Practice

A behavior that goes against moral principles and professional standards.

Future Favors

Acts of kindness or assistance that are promised to be done in the future.

Mutual Obligation

A situational dynamic where two parties each have duties or services they are expected to perform for the benefit of the other.

Whistleblowing

The act of exposing any kind of information or activity within a private, public, or government organization that is deemed illegal, unethical, or not correct.