How would you respond to coleman request

Assignment Help Accounting Basics
Reference no: EM132051281

Scenario - You are negotiating a transaction for your client, Shark Corporation. Parties on the other side of the deal ask you for information about the structural stability of a building, which is a significant part of the transaction. Coleman, Shark's tax director, tells you to say that everything is all right when, in reality, the building has substantial hidden damage. Coleman tells you to say this because it would be more favorable to Shark's position in the transaction.

1. How would you respond to Coleman's request? Be sure to cite research that supports your position.

2. What if you have already told the other side that the building is fine when you learn about the problems?

3. What other potential ethics issues do you see in this situation?

4. Which AICPA Code(s) of Professional Conduct rules apply in this situation (explain how and why they apply)?

5. Cite the specific verse(s) for at least one Biblical principle that you feel is relevant to the situation (explain how and why it applies).

Reference no: EM132051281

Questions Cloud

The difference between limited and unlimited liability : What Is the difference between limited and unlimited liability, and why does this difference exist?
Explain the forces and changes a electron undergoes : Explain the forces and changes a electron undergoes as it forms an intramolecular bond with oxygen to form water molecule.
Explain the arbitrage opportunities : The price of a European call that expires in six months and has a strike price of $30 is $2. The underlying stock price is $29, and a dividend of $0.50.
What amount of helium gas occupies : Helium gas is the second most abundant in the universe. What amount of helium gas occupies 12.6 L at STP?
How would you respond to coleman request : You are negotiating a transaction for your client, Shark Corporation. How would you respond to Coleman's request
Discuss the role of the media in covering terrorist-related : This same coverage can serve as a weapon for terrorists in the form of a psychological weapon that instills fear in the public.
The public about resiliency and reactionary planning : With this information, the terrorist groups may alter tactics and/or strategies based upon their understanding of how the government will react to specific.
What is the ph of swimming pool : The concentration of H3O+ in your swimming pool is 3 x 10-11 M. What is the pH of your swimming pool?
What is unethical about this situation : If the final analysis, Cousin Bob is debt-free and out of the picture. What is unethical about this situation

Reviews

Write a Review

Accounting Basics Questions & Answers

  Record the journal entry for compensation expense

At the date of grant, LBE anticipated that 5% of the recipients would leave the firm prior to vesting. Record the journal entry for compensation expense

  What is the amount of the common fixed expense

Younie Corporation has two divisions: the South Division and the West Division. What is the amount of the common fixed expense

  There are 4 financial statements required for the annual

there are 4 financial statements required for the annual report. discuss completely which financial statement you

  What is the mc of producing the additional engine what is

firm a makes and sells motorcycle. the total cost of each cycle is the sum of the cost of frames assembly and engine.

  What is the net income

What amount of accumulated depreciation would Sam's report on the December 31, 2014, balance sheet?

  Mr costello compiled the following information for use in

mr. costello compiled the following information for use in preparing the departeds bank reconciliation on september

  You work as an accountant for a small land development

you work as an accountant for a small land development company that desperately needs additional financing to continue

  All of its production will be sold to divisions a and b no

kingly corporation division c will continue to produce parts 101 and 201. all of its production will be sold to

  The controller disagrees she argues that the smallest

raintree company has purchased land and a warehouse for 18000000. the warehouse is expected to last 20 years and to

  Eichelberger trucking won a settlement in a lawsuit and was

eichelberger trucking won a settlement in a lawsuit and was offered four different payment alternatives by the

  Prepare firefly journal entries to record these transactions

Firefly Company had the following two transactions related to its delivery truck. Prepare Firefly's journal entries to record these two transactions

  What should be the transfer price

The machining division of ITA International has a capacity of 2,130 units. Its sales and cost data are

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