8:15 4 IE, Search chegg.com Tues, she decided yesterday issue Suppe Meme Ic is now the last day of the fiscal year and your superior problem. Your customer has backed out at the last minute, indic issues to sort out before it can transfer money to Acme's accou that the only way Acme can meet its loan requirement is to put Cash account and pretend as if the supplier checks were not iss You question whether this would be ethical. Her reply is, "Well, choice. Either we do this, or we violate the terms of the loan ag the loan due and payable immediately. That could move us towi the people who would lose their jobs! Just make a journal entry and Accounts Payable. Then tomorrow we can reduce Cash and probably before many of our suppliers even get the checks that 1. Who might suffer in the short term if you go along with your supervisor's request? What might happen in the future if you go along with her request this time? If you do not go along, who might suffer in the short term and what could be the long-term consequences? 2. You want to be loyal to your supervisor but honest to others who rely on your work. As an accounting assistant, which of these concerns should be most important? Why? 3. What alternative courses of action can you take? Which of these is "best" given the circumstances? Show transcribed image text Expert Answer 100% rating As discussed in the case above if I go along with my supervisor's request and increase the cash in the journal entry for the year end, the institution who has provided the loan to the company is to suffer in the short term as the institution would be... view the full answer Get this answer with Chegg Study SEE THE ANSWER 8:15 4 IE, Search chegg.com Tues, she decided yesterday issue Suppe Meme Ic is now the last day of the fiscal year and your superior problem. Your customer has backed out at the last minute, indic issues to sort out before it can transfer money to Acme's accou that the only way Acme can meet its loan requirement is to put Cash account and pretend as if the supplier checks were not iss You question whether this would be ethical. Her reply is, "Well, choice. Either we do this, or we violate the terms of the loan ag the loan due and payable immediately. That could move us towi the people who would lose their jobs! Just make a journal entry and Accounts Payable. Then tomorrow we can reduce Cash and probably before many of our suppliers even get the checks that 1. Who might suffer in the short term if you go along with your supervisor's request? What might happen in the future if you go along with her request this time? If you do not go along, who might suffer in the short term and what could be the long-term consequences? 2. You want to be loyal to your supervisor but honest to others who rely on your work. As an accounting assistant, which of these concerns should be most important? Why? 3. What alternative courses of action can you take? Which of these is "best" given the circumstances? Show transcribed image text Expert Answer 100% rating As discussed in the case above if I go along with my supervisor's request and increase the cash in the journal entry for the year end, the institution who has provided the loan to the company is to suffer in the short term as the institution would be... view the full answer Get this answer with Chegg Study SEE THE
