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Jennifer is an accountant for a local manufacturing company. Jennifer's good friend, Steve, has been operating a retail sporting goods store for close to one
Jennifer is an accountant for a local manufacturing company. Jennifer's good friend, Steve, has been operating a retail sporting goods store for close to one year. The store has been moderately successful, and Steve needs a bank loan to help finance the next stage of the store's growth. He asked Jenifer to prepare financial statements that the bank will use to help decide whether he gets the loan or not. Steve has proposed that the fee he will pay for Jennifer's accounting work will be contingent on his receiving the loan. What factors should Jennifer consider when making her decision about whether to prepare the financials for Steve's store? What would you do if you found yourself in her situation
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