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513 As the controller of TellTale Ice Cream Company, you discover a misstatement that sig, nificantly overstated net income in the prior year's financial statements.

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513 As the controller of TellTale Ice Cream Company, you discover a misstatement that sig, nificantly overstated net income in the prior year's financial statements. The misleading finan. cial statements appear in the company's annual report, which was issued to banks and other creditors less than a month ago. After much thought about the consequences of telling the pres ident, Eddie Lieman, about this misstatement, you gather your courage to inform him. Eddie says, "Hey! What they don't know won't hurt them. But just so we set the record straight, we'll adjust this year's financial statements for last year's misstatement. We can absorb that mis statement better in this year than in last year anyway! Just don't make such a mistake again." Instructions (a) Who are the stakeholders in this situation (b) What are the ethical issues in this situation? te) What would you do as the controller in this situation

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