ATC 5-5 - Alex Fish ACCT-042 ACT 5-5 Determine the Facts...

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Alex Fish ACCT-042 ACT 5-5 Determine the Facts John Dillworth’s job is to buy land for use by the National Bank of Commerce. Dillsworth bought a piece of land for $110,000. Later, John finds out he has an opportunity to buy a higher quality lot in another location for $80,000. He realized he overpaid for the first lot, and the current market value is $75,000. John knows it’s best for the bank to buy the second lot. John does not want to report the loss to his boss, Kelly Fullerton. Kelly herself has a series of unethical behavior: she approved a bad loan, when confronted with the bad loan, she blamed it on one of her former subordinates, implying that the bad loan influenced his termination, which is not true. Identify the Ethical Issues There many stakeholders and they will all be affected differently. John Dillsworth may be fired if he reports the loss, but if he does not, he could suffer consequences with corporate governance. Ms. Fullerton may have to fire an employee if the loss is reported, but she could take credit for the more valuable piece of land being used. The highest management has incurred the loss already, and it would be
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ATC 5-5 - Alex Fish ACCT-042 ACT 5-5 Determine the Facts...

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