1 700 Wok Company purchosed 8.000, P)000 face voue, 9% bonds to yield 10%. The carrying amount of the bonds on January 1,2020 was P7 800 000. The bonds mature on June 30, 2021 ond poy interest sermionnuolly on June 30 ond December 31. The entity sold 4000 bonds on March1,2020 for P3,920 000 after the interest has been received. Whot amount should berecognized as gain on sale of bonds? O) 25,000 b. 20000 C. 15,000 d.

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Corporate Ethics

Ethics refers to the moral values and principles that guide an individual. Corporate ethics refers to the moral behavior of a company and its employees while conducting business. Business ethics is another name for corporate ethics. Business ethics reflects the purpose of doing the business. Business ethics is the distinction between what is right and wrong in the workplace and the selection of the right set of actions. Every corporate entity follows business ethics to a large extent in order to survive and compete successfully in the market. Corporate entities that strictly adhere to business ethics gain the trust of their stakeholders and thus gain more customers. An organization follows compliance, i.e., following certain business policies, rules, procedures, and practices to deal with the problem arising from the business environment. Business ethics also ensures that they meet compliance requirements as it was connected with the activities of an organization.