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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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