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20 February, 10:20

Assume that Faust and McCabe properly classify the portfolio. At year-end, Faust proposes to sell the securities that will increase 2014 net income, and McCabe proposes to sell the securities that will decrease 2014 net income. Is this unethical

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  1. 20 February, 10:25
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    No

    Explanation:

    This is not unethical because it is a common and acceptable practice among many reputable public companies in the United States to adjust their account statements according to their objectives.

    Remember, every organisation had a right to decide It's accounting methods.

    In this scenario, what both parties hope to achieve is to build up confidence from potential investors.
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Home » Business » Assume that Faust and McCabe properly classify the portfolio. At year-end, Faust proposes to sell the securities that will increase 2014 net income, and McCabe proposes to sell the securities that will decrease 2014 net income. Is this unethical
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