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After Graduating from College, Mary Found What Seemed to Be

question 56

Essay

After graduating from college, Mary found what seemed to be an ideal job. However, after a few months she began to notice that some unethical practices were occurring within the company. What three steps should Mary take to resolve these unethical issues?

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Definitions:

Internal Reporting

The process of preparing and presenting financial statements and other reports to management within an organization.

GAAP

Generally Accepted Accounting Principles, a collection of commonly-followed accounting rules and standards for financial reporting in the U.S.

Acquisition Method

An accounting technique used in consolidating the financial statements of a group in which one controls one or more others, focusing on fair value of the acquired assets and liabilities.

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