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Accounting 25th Edition by Carl Warren, James Reeve, Jonathan Duchac
Edition 25ISBN: 978-1285069609Accounting 25th Edition by Carl Warren, James Reeve, Jonathan Duchac
Edition 25ISBN: 978-1285069609 Exercise 1
Ethics and professional conduct in business
Bev Wynn, vice president of operations for Dillon County Bank, has instructed the bank's computer programmer to use a 365-day year to compute interest on depository accounts (liabilities). Bev also instructed the programmer to use a 360-day year to compute interest on loans (assets).
Discuss whether Bev is behaving in a professional manner.
Bev Wynn, vice president of operations for Dillon County Bank, has instructed the bank's computer programmer to use a 365-day year to compute interest on depository accounts (liabilities). Bev also instructed the programmer to use a 360-day year to compute interest on loans (assets).
Discuss whether Bev is behaving in a professional manner.
Explanation
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Verified
If at the time of giving a depository ac...
Accounting 25th Edition by Carl Warren, James Reeve, Jonathan Duchac
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