EYK 5-7 Ethics case Who are the Stakeholders? Should the bank be informed about the returned goods? Why? Should Green recommend informing the bank to Anderson? Why or why not? If Anderson doesn't inform the bank, is Green obligated to do so himself? Was the sales transaction in December a legitimate sale or was it some sort of sham transaction worked out by the president to temporarily improve sales data? Should Green raise the possibility of this being a sham with Anderson? What should Green do if Anderson concedes that it was a sham? Assuming it was a sham, should Anderson have told Green from the beginning? 8 EYK5-7. Accounting Ethics Case During the last week of 2017, George Green, Controller of we R AP pliances, received a memorandum from the firm's president, Jane Anderson. The memorandum stated that Anderson had negotiated a very large sale with a new customer and directed Green to see that the order was processed and the goods shipped before the end of the year. Anderson noted that she had to depart from the usual credit terms of n/30 and allow terms of n/60 to clinch the sale. Although the credit terms were unusual for the company, Green was particularly pleased with the news because business had been somewhat slow. The goods were shipped on December 29 and the sale was incorporated into the 2017 financial data. It is now mid-February 2018, and two events have occurred recently that, together, cause con- cern for Green. First, he was inadvertently copied on a letter from the firm's bank to Anderson. The letter staled that the bank had reconsidered its decision to deny a loan to the company and is now granting the loan based on the new, and favorable, sales data supplied by the president. The bank was "particularly impressed with the sales improvement shown in December."Although Green had been involved in the initial loan application that was denied, he had been unaware that the president had reapplied for the loan. The second event was that all of the goods shipped on December 29, 2017, to the new customer had just been returned