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read the following case provided and answer the following question? INTERMEDIATE ACCOUNTING 301 ETHICS CASE 2 Analyze the attached ethics case using the Model for

read the following case provided and answer the following question?

image text in transcribed INTERMEDIATE ACCOUNTING 301 ETHICS CASE 2 Analyze the attached ethics case using the Model for Ethical Decision Making. Document each step of the analysis process on the word document at eLearn. Outline the relevant elements of the process here. You can complete this using bullets. UPLOAD YOUR COMPLETED OUTLINE TO eLEARN AND Chalk and Wire by February 28, 2016. Assessment of Assignment Your case will be evaluated using Ethical Practice Rubric. To receive credit for a mid-level ethical practice experience your paper must receive a score of 3 or higher on the Ethical Practice Rubric (at eLearn) Ethics Case: You are the new Controller of the Profit Corporation, a small construction company employing 60 people. Robin Smith, the CEO of Profit, wants the company to upgrade its equipment and hopefully expand. Capital stock will need to be issued in order to raise the funds necessary for expansion. The company is now facing tough times in light of a downturn in the economy. Both you and Robin know that a material accounts receivable account from Ender Corporation is in doubt. You tell Robin, \"Ender has real problems. The word on the street is they won't last much longer. We need to adjust the allowance for doubtful accounts for the Ender Receivable.\" Robin replies, \"If we do that, we're not going to look good, and the auditor may have to mention our shaky financial position. If we don't get a clean opinion, we won't be able to issue the stock to get the funds we need, and we might be out of business too by this time next year. Issuing this stock is really important to us. If we can just weather this downturn, I know the economy and our business will pick up.\" Is there an ethical dilemma? 1. Evaluate the above case using the following ethical decision making model. What are the relevant facts? 2. What is the main ethical issue? (State this as an ethical dilemma.) 3. What stakeholders may be benefited or harmed? 4. What are my specific responsibilities and obligations? 5. Identify the alternatives? (Clearly state) 6. What are the ethics of the alternatives? What is the effect of each alternative on the various stakeholders? How are they harmed or benefited? Consider that the interests of the various stakeholders may be in conflict. 7. What action should be taken? Select the best or most ethical alternative, considering all the circumstances and the consequences

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