You've just graduated from Berkeley College with a major in accounting and have landed your first accounting job. Your assignment at work today is to complete a Trial Balance. No matter what you do, you just can't get it to balance and you're off by $2500. You have a 5pm deadline for completion of the Financial Statements, which must be delivered to the bank this evening to comply with a major loan agreement. It's now 3:30 and you're worried that if you don't get these statements done, it will cost you your job. You decide to increase the owner's capital account by $2500 to get everything to balance and you complete the Financial Statements in time. You hope that no one will notice the error and you believe that you will be able to find and correct the error by the end of next month. Are your actions ethical? Why or why not? Did you have any other alternatives?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You've just graduated from Berkeley College with a major in accounting and have landed your first accounting job. Your assignment at work ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Virginia and edgar would like to supplement their income with an investment in bonds. which type of bonds would most likely give them the highest rate of return A. Savings bond B. Treasury bonds C. Municipal bonds D. Corporate bonds
Answers (1)
When reducing the planned duration of a project using the Time-Cost CPM model we select the activity to crash by determining the cost of each alternative and selecting the one whose cost is the greatest. Group of answer choices True False
Answers (1)
Suppose that this year's nominal GDP is $16 trillion. To account for the effects of inflation, we construct a price-level index in which an index value of 100 represents the price level five years ago.
Answers (2)
After being promoted to higher class, pawan sells his old books to a second - hand bookshop. is it a business activity why
Answers (1)
A customer has requested that Lewelling Corporation fill a special order for 1,900 units of product S47 for $41 a unit. While the product would be modified slightly for the special order, product S47's normal unit product cost is $16.
Answers (1)
New Questions in Business
Crane Company has the following sales dа ta: August September October November December Cash Sales $4000 $5000 $6000 $7000 $16000 Sales on Account $50000 $59,001 $65000 $74,490 $100000 Crane Company's credit customers have the following
Answers (1)
If you were required to estimate the average return for one category of securities for the coming year, history tells us that you should have the greatest degree of confidence estimating which of the following?
Answers (1)
Suppose the capital gains tax is 28 percent and you purchased a house ten years ago for $80,000. If you sold the house today you would get $140,000. Your tax liability would be:A. indeterminate without knowing the inflation rate. B. $16,800. C.
Answers (1)
Allstar Exposure designs and sells advertising services to small, relatively unknown companies. Last month, Allstar had sales commissions costs of $50,000, technology costs of $75,000, and research and development costs of $200,000.
Answers (2)
PA12. LO 5.4Complete this production cost report:
Answers (1)