The current months bank statement for your account arrives in the mail. In reviewing the statement, you

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The current month’s bank statement for your account arrives in the mail. In reviewing the statement, you notice a deposit listed for $400.00 that you did not make. It has been credited in error to your account. Discuss whether you have an ethical or legal obligation to inform the bank of the error. What action should you take?


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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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