Assume You Are a CPA and the Accounting Manager of a Small

question 35

Essay

Assume you are a CPA and the accounting manager of a small privately-owned business that has three co-equal shareowners. Your company receives $1,000 from a cash sale of merchandise taken by the customer. Your boss tells you to recognize only $700 and put the other $300 in reserves. What would you do and say and why? Use ethical reasoning to support your position.

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Definitions:

Visual Analogue

A method of measuring a characteristic or attitude that cannot be directly measured, by representing it on a continuous line.

PAINAD Scale

A tool used in healthcare to measure pain in patients who are unable to communicate verbally, especially useful in assessing pain in patients with dementia.

Chronic Back Pain

Persistent back pain that lasts for more than three months, often affecting daily activities.

Daily Living

Activities and tasks that are part of one's everyday life, including personal care, household chores, work, and leisure activities.