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Posted on Jun 19, 2024

During the preparation of the bank reconciliation for Lakeview Co., Jack Barnes, the assistant controller, discovered that Arkansas National Bank incorrectly recorded an $819 check

During the preparation of the bank reconciliation for Lakeview Co., Jack Barnes, the assistant controller, discovered that Arkansas National Bank incorrectly recorded an $819 check written by Lakeview Co. as $189. Jack plans to record the $630 error as Other Income if the bank fails to detect the error within the next three months. Discuss whether Jack is behaving in an ethical manner.

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