Ethical Case: In this case Person L believes that reporting operating cash flow per share on the income statement would be useful to the users, and Person J also agrees with the concept. But this is incorrect according to the Generally Accepted Accounting Principles (GAAP). To Determine: Whether Person J behaving in an ethical and professional manner.

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Chapter 14, Problem 14.1CP

To determine

Ethical Case:

In this case Person L believes that reporting operating cash flow per share on the income statement would be useful to the users, and Person J also agrees with the concept. But this is incorrect according to the Generally Accepted Accounting Principles (GAAP).

To Determine: Whether Person J behaving in an ethical and professional manner.

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