Identify which accounting principle is being addressed

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Question - 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.

-Identify which accounting principle is being addressed.

-As an ethical accountant, what would your recommended action be?

Reference no: EM132958182

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