Concept explainers
Ethics in Action
Head Donuts Inc. is a retailer of designer headphones, earphones, and hands-free audio devices. Polly Ester, the company president, is reviewing the company’s financial statements after the dose of the fiscal year and is troubled that earnings decreased by 10%. She shares her concerns with the company’s chief accountant, Lucas Simmons, who points out that the drop in earnings was balanced by a 20% increase in
Is Lucas behaving in an ethical and professional manner? Explain your answer.
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Chapter 13 Solutions
Corporate Financial Accounting