posted by at on .
I can write the paper I just need some ideas of a situation that might lead to unethical pratices and behaviors in accounting? but not eron I'm sure everyone else is doing that one this is why I need some idea's help please thank you.
There might be something in this whole situation that you can use:
Another might be, if you can find a specific example, when the CFO of a small or large company keeps two sets of books ... one for public consumption (!) and one that reflects reality.
2 Foren Corporation had the following transactions pertaining to debt investments.
Jan. 1 Purchased 50 8%, $1,000 Choate Co. bonds for $50,000 cash plus brokerage fees of
$900. Interest is payable semiannually on July 1 and January 1.
July 1 Received semiannual interest on Choate Co. bonds.
July 1 Sold 30 Choate Co. bonds for $34,000 less $500 brokerage fees.
(a) Journalize the transactions.
(b) Prepare the adjusting entry for the accrual of interest at December 31