Begin by thoroughly reading the four cases below. Once you have a firm grasp on each of the scenarios, you will author a paper that presents your analysis for each case. This paper should be $4-5$ pages long and in APA format. Use an APA heading $($i$.$e$.$ Case $1,$ Case $2,$ Case $3,$ etc.$)$ for each case. At least $3$ professional sources must be cited $($crowd$-$sourced sites such as Wikipedia are not considered to be professional and should not be used$),$ and a research page is required. The case study paper will be due at the end of the course in Week $7.$

For each case below, answer the following three questions:

What is the accounting issue in this case? What ethical decision needs to be made?

Who are the stakeholders?

Analyze the potential impact on the stakeholders from the following standpoints: $($a$)$ economic, $($b$)$ legal, and $($c$)$ ethical.

Case $2$

Strasburg Loan Company is in the consumer loan business. Strasburg borrows from banks and loans out the money at higher interest rates. Strasburg$$s bank requires Strasburg to submit quarterly financial statements to keep its line of credit. Strasburg$$s main asset is Notes Receivable. Therefore, Uncollectible$-$Account Expense and Allowance for Uncollectible Accounts are important accounts for the company.

Raquel Lanser, the company$$s owner, prefers that net income reflect a steady increase in a smooth pattern, rather than an increase in some periods and a decrease in other periods. To report smoothly increasing net income, Lanser underestimates uncollectible$-$account expense in some periods. In other periods, Lanser overestimates the expense. She reasons that the income overstatements roughly offset the income understatements over time.