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Find who is harmed if the expenses are increased

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Ollivander's Wand Shop rents retail space from the owners of Diagon Alley. The owners charge Ollivander a base rental fee of $1,000 a month, plus 2.5% of profits over $1,000,000. J.K. Rowling, the owner of Ollivander's Wand Shop, directs you, her accountant, to increase the estimate of bad debt expense and to accelerate depreciation charges in order to inflate current period expenses and keep profits below $1,000,000.

Question 1: Do you comply with your boss's directive? Is this directive ethical? Who is harmed if the expenses are increased?

Reference no: EM132555097

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