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Unformatted text preview: REQUIRED: 1. What are the ethical issues? The ethical issue that is involved in this situation is whether or not to listen to Bill and untruthfully record the cash balance of the register. 2. Who are the stakeholders? (at least 3) The stakeholders are Bill, Mason, and the owner of the business. 3. How is each stakeholder you listed in #2 affected? (Be specific). The situation can affect Mason in that he has the potential threat of losing his job for recording a balance that was false, although it will make it easier for him to have a balanced register. Bill is affected also in that he may lose his job. The owner of the business will be affected because his financial statements will not be accurate. 4. What would you do? Explain If I were Mason I would listen to Bill because the owner of the company could have instructed him to do so. However, I would consult the owner about the situation just to make sure that I was doing the right thing with the cash....
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This note was uploaded on 05/08/2010 for the course ACCT 201 taught by Professor Meyer during the Spring '10 term at University of Louisiana at Monroe.
- Spring '10