Topic: Ethics

Read Ethics Case CT9.5 and address the following questions:

1. Please define the word "ethics" and summarize what issues/ramifications might apply to this example.
2. What would you do if you were the accountant in this scenario?
3. Who are the stakeholders who would be affected in this scenario?

Reference

Weygandt, J. J., Kimmel, P. D., & Mitchell, J. E. (2021). Managerial accounting (9th ed.). Wiley.