Ethics is the study of how people should act

Indicate whether the statement is true or false

True

Business

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Sharon Foods, Inc. reported the following transactions for September 2017

a) The business received $22,000 cash and issued common stock. It was credited to Common Stock b) The business purchased office equipment for $9,000 for which $2,500 cash was paid and the balance was put on a note payable. c) Paid insurance expense of $1,500 cash. d) Paid the September utility bill for $900 cash. e) Paid $1,500 cash for September rent. f) The business had sales of $11,000 in September. Of these sales, 60% were cash sales, and the balance was credit sales. g) The business paid $8,000 cash for office furniture. What are the total liabilities at the end of September, 2017? A) $11,000 B) $1,500 C) $6,500 D) $9,000

Business

Which scale is not an itemized rating scale (Table 9.1 in the text)?

A) Stapel scale B) semantic differential scale C) Likert scale D) continuous rating scale

Business