Question 5 (1 point) While preparing a bank reconciliation statement for a small company, you observe that the bank credited the company's account for $3,500, but no one in the company knows why.The company's president instructs you to record the transaction as a sales transaction for the current month and to adjust the company's cash account. The president's recommendation would: A) increase unearned revenues but would not create an ethical dilemma B) increase net income but would not create an ethical dilemma C) decrease net income and would create an ethical dilemma D) increase net income but would create an ethical dilemma Question 6 (1 point) Which statement best describes NOCLAR (non-compliance with laws and regulations) in the context of international ethics standards? NOCLAR is a set of ethical provisions in the international ethics code that requires firms to disclose confidential information about their clients. NOCLAR is a set of provisions in the IESBA Code that establishes a framework to guide professional accountants in deciding on how best to act in the public interest when they become aware of non-compliance with law and regulation, or suspected non-compliance with law and regulation Once a professional accountant discovers non-compliance with law or regulation (NOCLAR), the best recourse under international ethics standards for accountants is to resign. NOCLAR is an acronym which means non-compliance with laws and regulations and is not relevant to compliance with ethics or independence