Business ethics is a subset of the study of ethics and is defined as the study of what makes up bad, not good, business conduct

Ewok Enterprises recently elected the fair value option to account for its investment in Yoda Inc. Ewok purchased the shares for $210,000 and the shares are currently trading for $195,000 at year-end. Record the journal entries needed to purchase the investment, then adjust it to fair value. Then, show how this investment will be reported on the balance sheet

What will be an ideal response?

Which stockholders' equity account represents the sum of every dollar a company has earned since its inception, less any payments made to shareholders in the form of dividends?

a. Treasury stock. b. Accumulated other comprehensive income c. Retained earnings. d. Preferred stock.