Ethics and Construction Costs You are the accountant for a division of a com- pany that is constructing a building for its own use. It is January 2017, and you are working on closing the books for 2016. The CEO of the divi- sion stops by your office and says, "I have some questions about our building. Although we started construction at the beginning of June this year, we started planning it at the beginning of the pre- vious year. I believe that we can capitalize interest since then. Check to see if we did capitalize some in 2015. If not, we can take it out of this year's expense and get a double dose. Also, I want you to add lots of overhead to the cost of the building so we can increase our profit for this year. For example, you spent quite a bit of time on the project. So per haps we could add 1/12 of your salary to the cost of the building. You get the idea?" When the CEO leaves, you check the files and find a letter to an architect dated January 2, 2015. There are numer- ous subsequent letters to and from the architect. C10-7 Required: From financial reporting and ethical perspectives how would you reply to the CEO? Analyzing Starbucks Corporation's Property, C 10-8 2-1 Discussion: Ethics and Cost Review case study C10-7 rEthics and Construction Costs' in Intermedatse Accounting: Reporting and Analysis, Imagine that you are the accountan approached by the CEO in this scenario. How would you reply to the CEO?I your post, consider the following . Are there any issues or concerns from a financial reporting Are there any issues or concens from an ethical perspective in your responses to your peers,discuss whether you would have responded in similar way. Discuss similarities and differences in your approaches to this issue To complete this assignment, review the Discussion Rubric document Rubrics Discussion Rubric: Undergraduate Ethics and Construction Costs You are the accountant for a division of a com- pany that is constructing a building for its own use. It is January 2017, and you are working on closing the books for 2016. The CEO of the divi- sion stops by your office and says, "I have some questions about our building. Although we started construction at the beginning of June this year, we started planning it at the beginning of the pre- vious year. I believe that we can capitalize interest since then. Check to see if we did capitalize some in 2015. If not, we can take it out of this year's expense and get a double dose. Also, I want you to add lots of overhead to the cost of the building so we can increase our profit for this year. For example, you spent quite a bit of time on the project. So per haps we could add 1/12 of your salary to the cost of the building. You get the idea?" When the CEO leaves, you check the files and find a letter to an architect dated January 2, 2015. There are numer- ous subsequent letters to and from the architect. C10-7 Required: From financial reporting and ethical perspectives how would you reply to the CEO? Analyzing Starbucks Corporation's Property, C 10-8 2-1 Discussion: Ethics and Cost Review case study C10-7 rEthics and Construction Costs' in Intermedatse Accounting: Reporting and Analysis, Imagine that you are the accountan approached by the CEO in this scenario. How would you reply to the CEO?I your post, consider the following . Are there any issues or concerns from a financial reporting Are there any issues or concens from an ethical perspective in your responses to your peers,discuss whether you would have responded in similar way. Discuss similarities and differences in your approaches to this issue To complete this assignment, review the Discussion Rubric document Rubrics Discussion Rubric: Undergraduate