In the Allowance Method when we collect on a previously written off receivable Multiple Choice
Assets increase,
Net Income increases.
It depends Assets decrease,
Net Income decreases
Assets stay the same,
Net Income stays the same.

The textbook defines ethics as “the principles of conduct governing an individual or a group,” and specifically as the standards one uses to decide what their conduct should be. to what extent do you believe that what happened at bp (british petrolium) is as much a breakdown in the company’s ethical systems as it is in its safety systems, and how would you defend your conclusion?