Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i need help figuring out this ethics case. Ethics Case Bain (Essay) You are the assistant controller in charge of general ledger accounting at Unbarger

i need help figuring out this ethics case. image text in transcribed
image text in transcribed
Ethics Case Bain (Essay) You are the assistant controller in charge of general ledger accounting at Unbarger Botting Company. Your company has a large loan from an insurance company. The an agreement requires that the company's cash account balance be maintained at $200,000 or more, as reported monthly At June 30, the cash balance is $80,000, which you report to Usa Infante, the financial vice president, usa excitedly instructs you to keep the cash receipts book open for one additional day for purposes of the June 30 report to the insurance company. Lisa says, "If we don't get that cash balance over $200,000, we'll default on our loan agreement. They could dose us down, put us all out of our jobslusa continues, "I talked to conto Distributors (one of Unbarger's largest customers) this morning. They said they sent us a check for $150,000 yesterday. We should receive it tomorrow. If we includes that one check in our cash balance, we be in the dear, in the ma Who will suffer negative effects if you do not comply with Lisa Infante's Instructions? who will fer you do comply? What are the thical considerations in this case? MacBook Pro Who will suffer if you do comply? LINK TO TEXT What are the ethical considerations in this case? LINK TO TEXT What alternatives do you have? Click if you would like to show Work for this question: Open Show Work LINK TO TEXT MacBook

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Continuous Auditing Theory And Application

Authors: David Y. Chan, Victoria Chiu

1st Edition

1787434141, 978-1787434141

More Books

Students also viewed these Accounting questions

Question

How is a depositary receipt issued and how does it get cancelled?

Answered: 1 week ago