Knowledge of the illegal act

Assignment Help Accounting Basics
Reference no: EM13972324

Suppose a management accountant becomes aware of a confidential but illegal act that has occurred within her company. The management accountant must consider what she is ethically bound to do about this situation. Three alternative responses to this situation are given below. State whether you agree or disagree with each, and briefly detail your reasons. The accountant must remain loyal to the company at all times and should report the occurrence only to appropriate officials within the company. The accountant is bound to inform officials only if she stands to personally gain (make money) from knowledge of the illegal act. The accountant must exercise personal judgment; a clear-cut answer does not exist given the limited information provided.

Reference no: EM13972324

Questions Cloud

What is the new balance : On August 10 the business made a payment of $700, and on August 17 they borrowed $4,800. If the current prime rate is 6%, what is the new balance?
What is the marginal cost of the thirteenth worker : A retailer has to pay $9 per hour to hire 13 workers. If the retailer only needs to hire twelve workers, a wage rate of $7 per hour is sufficient. What is the marginal cost of the 13th worker?
What is the net present value : Winter Wear is considering a 5-year project with an initial cost of $211,000. The project will produce cash inflows of $56,500 a year over the life of the project. What is the net present value (NPV), if the required rate of return is 15.8 percent..
How much total interest will you pay : If you pay the mortgage according to the loan agreement, how much total interest will you pay?
Knowledge of the illegal act : The accountant is bound to inform officials only if she stands to personally gain (make money) from knowledge of the illegal act. The accountant must exercise personal judgment; a clear-cut answer does not exist given the limited information provi..
Apple widely expected to release its iphone 5 : WITH Apple widely expected to release its iPhone 5 on Tuesday, Apple addicts across the world are getting ready for their latest fix.
What is the power input : What is the voltage output of a transformer used for rechargeable flashlight batteries, if its primary has 510 turns, its secondary 8 turns, and the input voltage is 124 V?
What is the apr on this loan : What is the APR on this loan? What is the EAR?
What is in hz the frequency of the voltage source : The voltage in a series RLC circuit is given by: i(t)= (15 mA) sin(471.2t+1.041) The resistance is 51.0 Omega, the capacitance is 69M Mu F and the inductance is 250 mH-  What is in Hz the frequency of the voltage source?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the correct balances at may 31 for merchandise

the following informationregarding inventory transactions is available for the month of may.date nbspnbspnbspnbsp

  Quinnett corporation has two divisions the export products

quinnett corporation has two divisions the export products division and the business products division. the export

  Start with the original assumptions notice that managed

start with the original assumptions. notice that managed care plan 1 receives a much lower price in return for sending

  Determine the ethical course of action for the following

determine the ethical course of action for the following scenario from the perspective of each of the three

  What are the differences between a direct-financing and a

what are the differences between a direct-financing and a sales-type lease for a lessor? why would a lessor provide

  Journal entry for issuance of bonds and warrants

If offered alone, at this time, the bonds would have been issued at a 22% discount. Prepare the journal entry for the issuance of the bonds and warrants for the cash considered received.

  You want to buy a house in 4 years if you plan to spend

you want to buy a house in 4 years. if you plan to spend 180000 on the house how much must you deposit at the end of

  At the end of june, morton company had a balance

At the end of June, Morton Company had a balance of $49,900 in the vacation benefits payable account.

  Corporation began operations on january 1 2007 during its

corporation began operations on january 1 2007. during its first 3 years of operations ipad reported net income and

  Retirement plan and distributions

Using the general rule calculates Martin's taxable income for 2011 from the retirement plan and distributions

  The nazareth companys mixing department incurred

the nazareth companys mixing department incurred conversions costs of 650820 during january after recording a beginning

  At abreak-even point of 40000 units the companys total

company manufactures a product that sells for 1.75 per unit. management recently finished analyzing the results of the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd