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ETHICS: Karla Heyne is the sole shareholder of XYZ Corporation. This past year Karla paid...

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Accounting

ETHICS:

Karla Heyne is the sole shareholder of XYZ Corporation. This past year Karla paid her retired father, Paul $10,000 from the company's checking account because he was having financial trouble XYZ files as a C corporation, and Karla noticed that her accountant erroneously deducted this payment as salary on XYZ's return.

Read the above Ethic's information and provide an answer

Question: What would you do with this information if you were in Karla's shoes?

(The thread should be 300 words, 1 citation, 1 reference, and everything must be in APA format)

Answer & Explanation Solved by verified expert
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