What are the potential risks to a company


Assignment:

Q1. Below are three line items from a corporation's Income Statement (note: this is NOT the entire Income Statement!). Select the correct line to use and compute the federal tax.

Sales: $335,000

Cost of Goods Sold: $225,000

Net Profit Before Tax: $ 97,000

Q2. Can you think of a reason financial managers could be tempted to manage earnings?

Is it unethical for managers to manage earnings if they disclose their activities to investors?

Find at least one reference from your book or another source to support each answer.

Q3. What are the potential risks to a company of unethical behaviors by employees?

What are potential risks to the public and to stakeholders?

Find at least one reference from your book or another source to support each answer

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What are the potential risks to a company
Reference No:- TGS02051916

Expected delivery within 24 Hours

2015 ┬ęTutorsGlobe All rights reserved. TutorsGlobe Rated 4.8/5 based on 34139 reviews.