Identify the stakeholders in the case

Assignment Help Accounting Basics

Reference no: EM131832849

Question: Nicole Martins is the controller at UMC Corp., a publicly-traded manufacturing company. Last year, UMC had annual sales revenue of $15 million. The first quarter of this year just ended, and Nicole needs to prepare a trial balance so she can prepare the quarterly financial statements. However, trial balance is out of balance by $750 (credits exceed debits).

Nicole is running out of time as the report is due today! Therefore, she decides to balance by plugging the $750 into the Equipment account. She chose the Equipment account because it has the largest account balance. Therefore, with the $750 added, it will be the least-misstated account.

- Identify the stakeholders in the case.

- Explain the ethical issues the case involves.

- If you were Nicole, what would you do?

Reference no: EM131832849

Questions Cloud

Why human populations grew more quickly despite the fact : How does Thinking and Problem Solving question help explain why human populations grew more quickly despite the fact that there were more mouths to feed?

Where would you rather be a citizen- frugal or smart : What is the amount of investment in each country this year?Where would you rather be a citizen: Frugal or Smart?

Bridge deck will contain exactly k aces : Prove that the probability of South's receiving exactly k aces when a bridge deck is divided into 4 hands is the same as the probability that a hand of 13 cards

What is the probability : Four balls are drawn without replacement; suppose x is the second smallest of the 4 numbers drawn. What is the probability that x = 3?

Identify the stakeholders in the case : Nicole Martins is the controller at UMC Corp., a publicly-traded manufacturing company. Last year, UMC had annual sales revenue of $15 million.

How steady state gdp depends on the savings rate : They say that spending money on consumer goods keeps the money moving through the economy. Does this model say that?

Conditional probability of a match : Matching problem (case of sampling without replacement). Show that for j = 1, ...,M the conditional probability of a match in the jth urn

Consider an urn that contains rm balls : A sampling (or coupon collecting) problem. Consider an urn that contains rM balls, for given integers rand M. Suppose that for each integer j, 1 to M

Create a surplus or a shortage in the labor market : Let's connect the minimum wage model back to the supply and demand model of Chapter 8. Is a minimum wage a price ceiling or a price floor?

User Account

All Pages