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Use I = Increase,D = Decrease,or N = No effect,to indicate the effect on retained earnings for each of the listed transactions.
____ Declaration of a property dividend.
____ Net income for the year.
____ Purchase of treasury stock at a cost greater than the original issue price.
____ Purchase of treasury stock at a cost less than the original issue price.
____ Issue common stock.
____ Resale of treasury stock for less than cost,assuming no previous treasury
stock sales.
____ Resale of treasury stock for more than cost.
Virtue Ethics
A philosophical approach that emphasizes the role of character and virtue in moral philosophy rather than either the consequences of actions or the rules governing them.
Business Ethics
moral principles and standards that guide behavior in the world of commerce, influencing company policies and practices.
Profit Motive
The intent to engage in activities or transactions for the purpose of earning financial gain or profit.
Business Ethics
An area of practical ethics focused on analyzing moral dilemmas and ethical concerns emerging within business settings.
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