Week 2 Discussion Question 1

From Chapter 3, Ethical Issue 3-1.Complete all parts of the case and respond to at least two of your classmates’ postings. 

1. Compute the overall effects of these transaction on the store’s reported income 2014.

Why is Steinbach taking this action? Is his action ethical? Give your reason, identifying the parties helped and the parties harmed by Steinbach’s action. 

As a personal friend, what advice would you give the accountant?