Which quotation represents the organizational identity of a company?
A) "I know what the company wants to do."
B) "I feel I'm treated fairly here."
C) "I'm proud to be part of this company."
D) "I understand what the department does."
E) "I'm encouraged to experiment at this company."
Answer: A
Explanation: A) Knowledge of organizational identity reflects knowledge of what the company exists for.
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Sinopia Corporation reported trading investments at fair value of $49,000 on December 31, 2016
There is a decrease of $3,800 in the fair value of the trading investments by the end of the year 2017. Which of the following is the correct journal entry? A) Trading Investments 3,800 Unrealized Holding Loss-Trading 3,800 B) Unrealized Holding Loss-Trading 3,800 Trading Investments 3,800 C) Unrealized Holding Loss-Trading 3,800 Fair Value Adjustment-Trading 3,800 D) Fair Value Adjustment-Trading 3,800 Unrealized Holding Loss-Trading 3,800
________ is a doctrine that permits judges to make decisions based on fairness, equality, moral rights, and natural law
A) The common law of contracts B) The Restatement of the Law of Contracts C) Equity D) Letter of credit