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Review case study C10-7 ("Ethics and Construction Costs") in Intermediate Accounting: Reporting and Analysis. Imagine...

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Accounting

Review case study C10-7 ("Ethics and Construction Costs") in Intermediate Accounting: Reporting and Analysis. Imagine that you are the accountant approached by the CEO in this scenario. How would you reply to the CEO? In your post, consider the following:

  • Are there any issues or concerns from a financial reporting perspective?
  • Are there any issues or concerns from an ethical perspective?

In your responses to your peers, discuss whether you would have responded in a similar way. Discuss similarities and differences in your approaches to this issue.

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