researcher at the company indicates the company's product is releasing toxic by-products. The A fertilizer manufacturing company wants to relocate to Yellowstone County. A report from a fired company suppressed that report. A later report commissioned by the company shows there is no problem with the fertilizer ter 1 Introduction to Accounting and Business EX 1-2 Professional ethics Ob M in discussions with Yellowstone County representatives? Discuss. Should the company's chief executive officer reveal the content of the unfavorable report EX 1-3 Business entity assumption Obj. 2 Ozark Sports sells hunting and fishing equipment and provides guided hunting and fishing trips wife, Linda, owns and operates Lake Boutique, a women's clothing store. Eric and Linda have established a trust fund to finance their children's college education. The trust fund is maintained by Missouri State Bank in the name of the children, Mark and Steffy. For each of the following transactions, identify which of the entities listed should record th- transaction in its records: Entities Lake Boutique Missouri State Bank Ozark Sports None of the above 1. Linda authorized the trust fund to purchase mutual fund shares. 2. Linda purchased two dozen spring dresses from a St. Louis designer for a special spring sale. 3. Eric paid a breeder's fee for an English springer spaniel to be used as a hunting guide dog. 4. Linda deposited a $2,000 personal check in the trust fund at Missouri State Bank. 5. Eric paid a local doctor for his annual physical, which was required by the workers' compensation ins policy carried by Ozark Sports. 6. Eric received a cash advance from customers for a guided hunting trip. 7. Linda paid her dues to the YWCA. 8. Linda donated several dresses from inventory for a local charity auction for the benefit of a wome shelter. 9. Eric paid for dinner and a movie to celebrate their twelfth wedding anniversary. 10. Eric paid for an advertisement in a hunters' magazine. What is a business transaction? b. researcher at the company indicates the company's product is releasing toxic by-products. The A fertilizer manufacturing company wants to relocate to Yellowstone County. A report from a fired company suppressed that report. A later report commissioned by the company shows there is no problem with the fertilizer ter 1 Introduction to Accounting and Business EX 1-2 Professional ethics Ob M in discussions with Yellowstone County representatives? Discuss. Should the company's chief executive officer reveal the content of the unfavorable report EX 1-3 Business entity assumption Obj. 2 Ozark Sports sells hunting and fishing equipment and provides guided hunting and fishing trips wife, Linda, owns and operates Lake Boutique, a women's clothing store. Eric and Linda have established a trust fund to finance their children's college education. The trust fund is maintained by Missouri State Bank in the name of the children, Mark and Steffy. For each of the following transactions, identify which of the entities listed should record th- transaction in its records: Entities Lake Boutique Missouri State Bank Ozark Sports None of the above 1. Linda authorized the trust fund to purchase mutual fund shares. 2. Linda purchased two dozen spring dresses from a St. Louis designer for a special spring sale. 3. Eric paid a breeder's fee for an English springer spaniel to be used as a hunting guide dog. 4. Linda deposited a $2,000 personal check in the trust fund at Missouri State Bank. 5. Eric paid a local doctor for his annual physical, which was required by the workers' compensation ins policy carried by Ozark Sports. 6. Eric received a cash advance from customers for a guided hunting trip. 7. Linda paid her dues to the YWCA. 8. Linda donated several dresses from inventory for a local charity auction for the benefit of a wome shelter. 9. Eric paid for dinner and a movie to celebrate their twelfth wedding anniversary. 10. Eric paid for an advertisement in a hunters' magazine. What is a business transaction? b
