M Company will report a net loss of $50,000 for the current year. The company’s president has asked the Chief Financial Officer

Question

4 years ago

10

M Company will report a net loss of $50,000 for the current year. The company’s president has asked the Chief Financial Officer

(CFO) to record an additional $75,000 of revenue at the end of the year without providing supporting documentation. What is the most ethical thing to do?

Social Studies

1 answer:

n200080 [17] · Answer 1 · 2021-12-29T05:32:49+03:00

n200080 [17]4 years ago

8 0

Answer: This is called Sharp practices in management

Explanation: The CFO should report the issue to the board of directors so that they will be aware of the fraud practices of the Company president.