Question
Maria is the Chief Accountant of Letter Corporation, which has $ 30. 0 million in assets and $ 12.0 in revenue for the year just
Maria is the Chief Accountant of Letter Corporation, which has $ 30. 0 million in assets and $ 12.0 in revenue for the year just ended. The annual financial statements are due tomorrow for the presentation to the board of directors for their annual review. Maria is struggling with the statements because the debts on her trial balance exceed the credits by $ 1,200.00. She has decided to increase the accrued liability for legal expense by the $1, 200.00 hoping that she can later actually find the problem when she has more time. She is afraid to tell her boss because she might get fired. And she has no more time to spend on the problem. Ethically, Maria should: A. Write a memo to the CEO about being overworked and underpaid, B. Hire a lawyer, C. Go home early and start preparing her resume, D. Immediately tell her supervisor and ask for help, E. Present the information as it is hoping no one notices.
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