
Ethics:
Ethics refers to the moral principles. There are different types of ethics like
Cost principle:
Cost principle is one of the accounting principle according to which all the assets must be reported at its cost only. This principle of accounting is also known as “historical cost principle.” Briefly, the price at which an asset is purchased or acquired is reported as per the cost principle.
To Explain: The ethical situation for SG involving the stakeholders and the alternatives available.

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Chapter 1 Solutions
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