The Accountant for Franklin Company Prepared the Following List of Account

question 127

Essay

The accountant for Franklin Company prepared the following list of account balances from the company's records for the year ended December 31, 2011:
$\begin{array}{llll}\text { Fees Earned } & \$ 165,000 & \text { Cash } & \$ 30,000 \\\text { Accounts Receivable } & 14,000 & \text { Selling Expenses } & 44,000 \\\text { Equipment } & 64,000 & \text { Franklin, Capital } & 27,000 \\\text { Accounts Payable } & 12,000 & \text { Interest Income } & 3,000 \\\text { Salaries \& Wages Expense } & 40,000 & \text { PrepaidRent } & 2,000 \\\text { Income Taxes Payable } & 5,000 & \text { Income Taxes Expense } & 18,000 \\\text { Notes Payable } & 20,000 & \text { Rent Expense }&20,000\end{array}$ Based on this information, is Franklin Company profitable? Explain your answer.

Explain the principles and requirements of the Groningen Protocol.

Compare and contrast moral views on the ethical treatment of impaired infants.

Explore the ethical considerations behind the Ashley Treatment and its applications.

Discuss the concept of wrongful life and its legal implications.

---

Definitions:

Aggregate Demand

The aggregate requirement for all products and services within an economy, measured at a specific overall price level and during a certain time frame.

U.S. Government Securities

Financial instruments issued by the U.S. Department of the Treasury or other federal government agencies to finance federal spending, including Treasury bonds, notes, and bills.

Bank Reserves

The amounts of funds that a bank holds in its reserve account with the central bank or as cash in vault, to meet any sudden withdrawals.

Market Rate

The prevailing price or interest rate at which goods, services, or securities are bought and sold in a competitive marketplace.