alice is a planning to attend several professional events and will purchase a suit costing between $100 and $200 dollars. she will wear them to the event and return them the next day for a refund. comment on the ethics of her plan and if there is a problem with the plan provide alternatives

alice is a planning to attend several professional events and will purchase a suit costing between $100 and $200 dollars. she will wear them to the event and return them the next day for a refund. comment on the ethics of her plan and if there is a problem with the plan provide alternatives

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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GoodMates Pty Ltd loaned one of its staff, Munir, the amount of $5,000 (interest free) for one month. Due to personal life issues and financial hardship that Munir was suffering, it turned out that demanding the loan will endanger his health and will cause him not to be able to provide basic needs for his family. At the discretion of the board of directors, this loan was waived on compassionate reasons and Munir was informed. Is the company required to pay any fringe benefit tax? Kindly use the template below and discuss in detail. Facts: Rules and or cases: Application: Conclusion:
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