Angela Duffy, president of Duffy Company, has instructed Jana Barth, the head of the accounting department for Duffy Company, to report the companys land in the companys accounting reports at its fair value of $170,000 instead of its cost of $100,000. Duffy says, Showing the land at $170,000 will make our company look like a better investment when we try

Chapter 1, Exercises #3

Angela Duffy, president of Duffy Company, has instructed Jana Barth, the head of the accounting department for Duffy Company, to report the company’s land in the company’s accounting reports at its fair value of $170,000 instead of its cost of $100,000. Duffy says, “Showing the land at $170,000 will make our company look like a better investment when we try to attract new investors next month.”

Instructions

Explain the ethical situation involved for Jana Barth, identifying the stakeholders and the alternatives.

Stakeholders
A person, group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees,...