Help Save 6 Exit Submit 6 H Corporation buys and sells personal computers. The company began operations in 2010 and reported profits for the years 2010 through 2017. Due primarily to Increased competition and price slashing in the industry, 2018's income statement reported a loss of $20 million. As a result of the loss employees will not receive a bonus. Just before the end of the 2018 fiscal year, a memo from the company's chief financial officer (CFO), suggests not to record a write down of Inventory using the lower of cost or net realizable value method as required by GAAP Which of the following statement is true about the CFO's suggestion? Multiple Choice Not recording the write-down of inventory to improve the situation in the income statement is acceptable as long as the company's investors dont find out 0 The CFO is showing strong leadership because if profits are too low, many employees will not receive a bonus and will be dissatisfied. 0 The CFO has an ethical responsibility to investors and creditors to accurately report the financial position of the company. 0 C) The company not recording the inventory write-down doesnt violate an ethical consideration