DISCUSSION 3 - Professional Conduct - DUE END OF WEEK 9 On December 1, 2016, Cardinal Company, a garden retailer, purchased $10,000 of corn seed, terms 2/10, n/30, from lowa Farm Co. Even though the discount period had expired, Sandi Kurtz subtracted the discount of $200 when she processed the documents for payment on December 15, 2016. In just a few sentences, discuss whether or not Sandi Kurtz behaved in a professional manner and the possible consequences that might result because of the way that she processed the payment.

DISCUSSION 3 - Professional Conduct - DUE END OF WEEK 9 On December 1, 2016, Cardinal Company, a garden retailer, purchased $10,000 of corn seed, terms 2/10, n/30, from lowa Farm Co. Even though the discount period had expired, Sandi Kurtz subtracted the discount of $200 when she processed the documents for payment on December 15, 2016. In just a few sentences, discuss whether or not Sandi Kurtz behaved in a professional manner and the possible consequences that might result because of the way that she processed the payment.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter2: The Accounting Information System

Section: Chapter Questions

Problem 28BE: Brief Exercise 2-28 Assumptions and Principles Five common accounting practices are listed below: A...

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