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Chris Hernandez is in the process of negotiating a loan from the bank. The bank has requested that he prepare current financial statements. When deciding
Chris Hernandez is in the process of negotiating a loan from the bank. The bank has requested that he prepare current financial statements. When deciding on the required allowance for doubtful accounts, Chris intentionally ignored two accounts composing 20% of the receivables balance. Chris has:
Select one:
a. Acted as a moral businessman
b. Failed to act in an ethical manner
c. Followed proper accounting principles
d. Made a decision that will have minimal consequences if the bank finds out
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