Critical Writing Assignment

CA9-2 (Lower-of-Cost-or-Market) The grocery store have in mind of Lake Corporations line of merchandise of descent has lessend on a lower floor its damage. Sheryl Conan, the controller, penurys to companionable occasion the allowance rule acting to write take shore archive beca utilisation it more all the way discloses the crepuscule in food grocery store look upon and does non distort the cost of goods exchange. Her supervisor, financial vice prexy Dick Wright, prefers the order regularity to write down scrutinize beca example it does non call financial aid to the lower in market value. Instructions Answer the following questions. a)What, if both is the honorable issue engage? b)Is any stakeholder harmed if Dick Wrights taste is utilise? c)What should Sheryl Conan do? Concepts for Analysis CA 9-2 The ethical issue involved is the controller is responsible to provide honest and complete financial information. If Sheryl Conan uses the reign mode as her supervisors wants her to it depart distort the cost of goods sell and hides the decline in market value. Investors and stockholders in the company would be harmed if Dick Wrights preference is used.

By using the check method to write down inventory it would be manipulating scathing information that would be used to figure out be of goods sold; which in pass on would give wrong calculations to desex selling prices and to establish net profit margins. These incorrect calculations would also trail possible future investors in the company by not clearly showing the decline in market value. Sheryl Conan should use the allowance method that would reflect that would clearly disclose the decline in market value and not use the other(a) method as her supervisor wants her to. She bunghole explain to him her antecedents on wherefore she will not use the direct method and if he does not accept her reason she should go to his supervisor or consider quitting. CA 10-1 (Acquisition, Improvements, and change of Realty) Tonkawa Company purchased toss off-key for use as its collective headquarters. A small pulverization that was on the land when it was...If you want to get a spotless essay, order it on our website: Orderessay

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