The Legal Environment of Business: Text and Cases
9th Edition
ISBN: 9781305764460
Author: Frank B Cross/ Roger LeRoy Miller
Publisher: CENGAGE C
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Chapter 5, Problem 7BCP
Summary Introduction
Case summary: The person H is an individual operating out of an apartment that is situated in Secane, Pennsylvania. He was able to convince VS, the president of the company KC, that he is a businessman who could help him in growing his business in the middle east. The person VS shared confidential documents with the person HI. HI then threatened VS and asked for money, or he would disclose confidential details to the public. The person VS refused to pay the amount and filed a suit in the district court.
To find :The person who has not behaved ethically in the above situation.
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During the year, Kiner Company made an entry to write off a $9,000 uncollectible account. Before this entry was made, the balance in accounts receivable was $315,000 and the balance in the allowance account was $27,000. The net realizable value of accounts receivable after the write-off entry was: A. $200,000. B. $184,000. C. $176,000. D. $288,000. answer
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The Legal Environment of Business: Text and Cases
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