Ask Question
7 January, 23:15

Assume that Faust and McCabe properly classify the portfolio. At year-end, Faust proposes to sell the securities that will increase 2014 net income, and McCabe proposes to sell the securities that will decrease 2014 net income. Is this unethical

+5
Answers (1)
  1. 8 January, 01:44
    0
    No

    Explanation:

    This is not unethical because it is a common and acceptable practice among many reputable public companies in the United States to adjust their account statements according to their objectives.

    Remember, every organisation had a right to decide It's accounting methods.

    In this scenario, what both parties hope to achieve is to build up confidence from potential investors.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Assume that Faust and McCabe properly classify the portfolio. At year-end, Faust proposes to sell the securities that will increase 2014 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers