Question
1. Maria Rodrigues, who works in the finance department of Patches Corporation, was invited to dinner by her parents. Publicly, Patches Corporation seems to
1. Maria Rodrigues, who works in the finance department of Patches Corporation, was invited to dinner by her parents. Publicly, Patches Corporation seems to be one of the best businesses in the news. However, Maria Rodrigues's analytic work at the office suggests that many of the opportunities are even stronger than reported, and could lead to fabulous gains in the near future. The parents follow the news and are unhappy with their current retirement portfolio. Maria Rodrigues is tempted to advise her his parents to invest in Patches Corporation. Briefly outline the ethical issues faced by Maria Rodrigues. 2. Nod Company's president, Emma Swan, is not pleased with the current income statement. She knows the company's revenues are low but the marketing department has many signed sales contracts that she feels should be included in revenues. Further, Emma Swan instructs the accounting department to remove the current month's office rent from the income statement, saying that they have an agreement with the property owner to pay it in two months. Identify the accounting principle(s) that would be broken if Nod Company were to handle the transactions as the president wishes. Describe the principle(s) and explain why the proposed islatio
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