Post One:

Horizon Corporation manufactures personal computers. The company began operations in $2019$ and reported profits for the years $2019$ through $2022.$ Due primarily to increased competition and price slashing in the industry, $2023\text{'}$s income statement reported a loss of $$20$ million. Just before the end of the $2024$ fiscal year, a memo from the company's chief financial officer to Jim Fielding, the company controller, included the following comments:

If we don't do something about the large amount of unsold computers already manufactured, our auditors will require us to write them off. The resulting loss for $2024$ will cause a violation of our debt covenants and force the company into bankruptcy. I suggest that you ship half of our inventory to J$.$B$.$ Sales, Inc., in Oklahoma City. I know the company's president and he will accept the merchandise and acknowledge the shipment as a purchase. We can record the sale in $2024$ which will boost profits to an acceptable level. Then, J$.$B$.$ Sales will simply return the merchandise in $2025$ after the financial statements have been issued.

Required:

Discuss the ethical dilemma faced by Jim Fielding.

Post Two:

Post an argument, a comment, an explanation, or a disagreement to a classmate's post.