As a new salesperson, you are concerned with how your decisions will affect your customers, your sales team, and your company. you notice that many of your workmates accept gifts and perks from clients, even though that practice is frowned upon by management and discouraged according to what you have read in the handbook. some colleagues have been reprimanded for accepting gifts from customers just in the short time you have been with the company. what will be your focus regarding ethical business practice?
a. unreported ethics violations b. lax example of management c. personal ethical behavior d. permissive corporate culture e. lack of a written code of ethics

How is the division of labor accomplished?

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?

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