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Identify which accounting principle is being addressed

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Reference no: EM132880928

Mary Harler is the president of an agency that supplies temporary office employees to firms in need of short-term assistance during peak periods. You are the accountant for the agency. Mary has just purchased a car for her daughter and instructs you to list the car as an asset of the company. You are to make the monthly car payments from the business bank account.

Problem 1: Identify which accounting principle is being addressed

Problem 2: As an ethical accountant, what would your recommended action be?

Reference no: EM132880928

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