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Unformatted text preview: and the prospective investors. C. It would not be unethical to sell the securities but it is managements choice. The GAAP allows the sale of certain securities as long as the inventory method of assigning the cost is adopted by the company is consistently applied. If it is in the best interest of the company and its stakeholders, and in accordance with GAAP than their behavior is ethical. Engaging in unsound and poor business and accounting practices that waste assets or misstate financial statements is unethical behavior....
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This note was uploaded on 03/11/2012 for the course BUSINESS AC501 taught by Professor Smith during the Spring '12 term at Kaplan University.
- Spring '12