Rick is one of several subscribers involved in process

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Rick is one of several subscribers involved in the process of forming a new company, Pets-n-Me. She is also in the process of buying a new personal residence. Jill wants to pay the legal fees associated with the purchase of her new home from corporate funds by charging them to the corporation's Organization Costs account. "I'll have the accountant mix them in with the corporation's legal bills. No one will ever notice," says Rick. What are the ramifications for this and how to go about letting the person know.

Reference no: EM13902285

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