User Account

All Pages

Identify the ethical issue or issues involved

Assignment Help Accounting Basics
Reference no: EM132054381

Question - Ted Thalia is Tops Corporation's controller. He has been with the company for 20 years and is being considered for the job of chief financial officer. His boss, who is the current chief financial officer and former company controller, will be Tops's new president. Thalia has just discussed the year-end closing with his boss, who made the following statement during their conversation: "Ted, why are you being so inflexible? I'm only asking you to postpone the $5,000,000,000 write-off of obsolete inventory for 10 days so that it won't appear on this year's financial statements. Ten days! Do it. Your promotion is coming up, you know. Make sure you keep all the possible outcomes in mind as you complete your year-end work. Oh, and keep this conversation confidential-just between you and me. Okay?"

REQUIRED -

Identify the ethical issue or issues involved.

What do you believe is the appropriate solution to the problem?

Reference no: EM132054381

Questions Cloud

How does the frequency of pipe a measured at fa compare : Pipe B is open on one end and closed on the other. How does the frequency of pipe A measured at fAcompare to the frequency of pipe B measured at fB?
Prepare entries related to this equipment for pepper : Prepare 2011, 2012 and 2013 entries related to this equipment for Pepper and Salt in their internal record
What is the initial potential energy of the car : A roller-coaster car with a mass of 650 kg starts at rest from a point 32 m above the ground. At point B, it is 16 m above the ground.
What is the kinetic energy of the roller coaster at low : At the low point of the ride, the potential energy is zero, and 46 000 J of work have been done against friction since it left point A.
Identify the ethical issue or issues involved : Ted Thalia is Tops Corporation's controller. He has been with the company for 20 years, Identify the ethical issue or issues involved
How much the angular momentum of the top changes : If the rotational inertia of the top is 0.0004kg.m2, by how much the angular momentum of the top changes?
How much thermal radiation does it emit now : When you blow air on the log, its temperature rises from 800°C to 900°C. How much thermal radiation does it emit now?
Prepare a schedule of cost of goods sold for the month : Primare Corporation has provided the following data concerning last month's manufacturing operations. Prepare a schedule of cost of goods sold for the month
Acceleration of spiderguy to the angular acceleration : Also be careful relating the acceleration of Spiderguy to the angular acceleration of the beam. The moment of inertia of a stick rotating about its end is (1/3)

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd