CH 11 ED - the wrong impression of the company and invest....

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Ethical Dilemma Jane has not behaved ethically in this situation. The value of the land has most definitely changed over the years, and not recording the change in value is misleading information on a balance sheet. Using Jane’s decision making, the assets of the company will be more formidable than they really are, which can cause potential investors to get
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Unformatted text preview: the wrong impression of the company and invest. In short, Jane is trying to lie on the value of an asset, and as we have learned in recent scandals, lying about the value of assets is a very bad and illegal thing to do....
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This homework help was uploaded on 04/09/2008 for the course ACCT 042 taught by Professor Turlow during the Fall '07 term at Drake University .

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