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Opinions required for ethical issue assessment
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The net income of Steinbach & Sons, a department store, decreased sharply during 2007. Mort Steinbach, owner of the store, anticipates the need for a bank loan in 2008. Late in 2007, Steinbach instructs the store's accountant to record a $2,000 sale of furniture to the Steinbach family, even...
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ANY THOUGHTS ON THIS Victoria British Auto Parts is having a bad year. Net income is only $37,000. Also, tow important overseas customers are falling behind in their payments to Victoria, and Victoria’s accounts receivable are ballooning. The company desperately needs a loan. The Victoria board of...
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CAN ANYONE HELP? Python.com owes $6 million on notes payable that will come due for payment in $6 million on notes payable that will come due for payment in $1.5 million annual installments. The company has used its cash to advertise heavily in the competitive dotcom business environment. The... View more questions Search
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