Andy attends college on a full-time basis and works part-time for Merediths Garden Center. The owner, Jim

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Andy attends college on a full-time basis and works part-time for Meredith’s Garden Center. The owner, Jim Meredith, asked Andy to work late into the night to move merchandise from one warehouse to an empty warehouse located across town. Andy thought his assignment was unusual but was happy to get the extra hours of work. The next day, Andy overheard the company’s auditors discussing their visit to the warehouse where he had moved the merchandise. Apparently, Mr. Meredith was attempting to fool the auditors. They had counted the merchandise on the previous day. On the following day, they had counted the same merchandise a second time but at a different warehouse. Meredith was attempting to acquire a bank loan and wanted to impress the loan officer with a strong financial report. Andy knew Meredith would mislead the auditors and banker but did not know what to do. What may happen to Andy if he informs the auditors of his activities from the night before? Who may be harmed by Meredith’s actions?

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Financial Accounting Information For Decisions

ISBN: 978-0324672701

6th Edition

Authors: Robert w Ingram, Thomas L Albright

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