Question
as a assistant controller in charge of general ledger accounting at LINBARGER BOTTLING COMPANY your company has a large loan from an insu.company the loan
as a assistant controller in charge of general ledger accounting at LINBARGER BOTTLING COMPANY your company has a large loan from an insu.company the loan aggreement requires that the cash balance be maintained at 200,000 or more monthly,at june 30,cash balance is 80,000,which you report to Lisa Infante,vice president.she excitedely instruct you to keep cash recepits book open for one additional days for purposes of june 30 reports to insu.company.Lisa says if we don't get cash balance over 200,000,we'll default on loan agreement.They could close us down,puts all out of our jobs.Lisa continues i talked to one of the big customers this morning and they sent us check for 150,000 yesterday and we will receive tomorrow, if we include just one check in our balace .we will be in the clear and it is in mail 1)who will suffer negative effects if you do not comply with vice president instructions? who will suffer if you do comply? 2) what are ethical considerations in this case? 3)what are other alternatives you have?
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