Question
Hi i take ethics in accounting course...my question listed below; A parent company owns 83% of a subsidiary. When the parent corporation recently bought valuable
Hi i take ethics in accounting course...my question listed below;
A parent company owns 83% of a subsidiary. When the parent corporation recently bought valuable patents from this subsidiary, the minority shareholders in the subsidiary allege, the parent company paid a below-market price. The three largest minority shareholders of the subsidiary claim that the subsidiary sustained damages by virtue of the parent company underpaying for these patents. These shareholders want to hire you to determine the amount of damages that they suffered. You do not have any interest in the parent company. Do you have a conflict of interest in representing these three minority shareholders?
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