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What is the most ethical thing to do

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Problem 1: M Company will report a net loss of $50,000 for the current year. The company's president has asked the Chief Financial Officer (CFO) to record an additional $75,000 of revenue at the end of the year without providing supporting documentation. What is the most ethical thing to do?

  1. Trust the President and record the $75,000 of revenue without supporting documentation.
  2. To avoid reporting a net loss to investors and making the company look bad, add the $75,000 of revenue without supporting documentation.
  3. Only record the $75,000 of revenue in the current year if supporting documentation is provided.
  4. Recording the revenue without supporting documentation does not violate an ethical consideration.

Reference no: EM132671290

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