Question
Ben Wynn, vice president of operations for Dillon Bank, has instructed the banks computer programmer to use a 365-day year to compute interest on depository
Ben Wynn, vice president of operations for Dillon Bank, has instructed the banks computer programmer to use a 365-day year to compute interest on depository accounts (liabilities). Ben is also required to program the system to use a 360-day year to computer interest on loans (assets).
Discuss whether Ben is behaving in a professional manner.
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel
3rd Canadian Edition
0470836792, 978-0470836798
