In the Making Ethical Decisions Box Titled,"Barking-Up the Wrong Financial

Multiple Choice

In the Making Ethical Decisions box titled,"Barking-Up the Wrong Financial Statement," the situation provides the student with an ethical dilemma that might present itself to an accounting professional.The story focuses on: Is it ethical to __________________________

A) transfer long-term liabilities on the balance sheet to the balance sheet of a secondary firm?
B) inflate the values of assets on the Balance Sheet?
C) account for sales and profits at a time period,before or after the time these sales and profits actually occurred?
D) change one's method of accounting for inventory during the same fiscal year?