due Nov 15 at 11:55pm This is a graded discussion: 10 points possible 30 30 M12 Discussion: Chapter 12 QSK stands for question, surprise, know. In this discussion you will complete the following: Accounting Ethics Lou Hoskins and Shirley Crothers are organizing Red Lodge Metals Unlimited Inc. to undertake a high- risk gold mining venture in Canada. Lou and Shirley tentatively plan to request authorization for 400,000,000 shares of common stock to be sold to the general public for $35 per share. Lou and Shirley have decided to establish par of $0.03 per share in order to appeal to a wide variety of potential investors. Lou and Shirley believe that investors would be more willing to invest in the company if they received a large quantity of shares for what might appear to be a "bargain" price. 1. Is the $0.03 a fair par value? 2. Does it surprise you that Lou and Shirley would assign a $0.03 par value? 3. Discuss whether Lou and Shirley are behaving in a professional manner. Post a response to the above questions. Reply to at least 1 classmate. Your initial post is due on Wednesday 11:55 pm, your reply is due by Monday 11:55 pm. You will not see the posts of other students until you make your initial post