8 In June 2022, an accident happened in the children's playroom of The Ocean Hotel. A kid fell from a slide and hurt his head. His parents then decided to sue the hotel. Two weeks later, the legal documents arrived at the hotel. However, the Hotel Manager decided not to report the case in the financial statements nor the Annual General Meeting with shareholders, in order not to affect the reputation of the hotel. Based on the GAAPs, comment on the decision of the Hotel Manager and suggest three (3) actions, including the ways to rectify the decision and to further avoid a recurrence. Answer the question in paragraphs. (10 marks) Appendix II - Summary of the Catering Outlets in Hotels Outlet Types of Cuisine Location Seating Capacity Business Hours Sky Lounge International Yummy Pizza Italian Toyosu Express Japanese Ocean Lounge International New Delhi Poolside Bar 1/F, 5/F, 6/F, 1/F, Indian 3/F, International 32/F, The Sky Hotel 120 The Sky Hotel 88 The Sky Hotel 92 The Ocean Hotel 120 The Ocean Hotel The Ocean Hotel 108 28 06:30-20:30 (Daily) 11:45-21:45 (Daily) 11:45-13:45 (Daily) 06:30-20:30 (Daily) 11:00-15:00 10:30-19:00 (Daily) (Daily) 18:30-21:00 18:00-22:00 (Daily) (Daily) Major Features Serves breakfast, Serves authentic lunch, tea and Serves fusion Italian cuisines. dinner. Uses Uses ingredients premium quality poultry and sustainably directly imported from Europe. Offers three Japanese cuisines. Use fresh seafood daily imported from Toyosu Serves breakfast, lunch, tea and dinner. Uses Serves classic Indian cuisines prepared by the premium quality market. Executive sourced seafood imported private dining rooms, trendy Chef has extensive worldwide. decorations and experience Ideal location for attentive services. drinking and dining throughout the day. working in several Michelin- starred restaurants before. poultry and sustainably sourced seafood imported worldwide. Ideal location for drinking and dining throughout the day. Chef employed from India. Famous for its relatively affordable pricing and big portions. The secret recipe of curry makes the outlet very popular among the food writers. Serves light snacks throughout the day. Features spectacular harbour view from rooftop of the hotel. The only catering outlet that can offer food and beverage services to guests using the swimming pool