Question: By definition, adjusting entries are not triggered by an explicit event. Therefore, accountants must initiate adjusting entries. For each of the following adjusting entries, discuss
By definition, adjusting entries are not triggered by an explicit event. Therefore, accountants must initiate adjusting entries. For each of the following adjusting entries, discuss a potential unethical behavior that an accountant or manager might undertake:
1. Recognition of expenses from the prepaid supplies account
2. Recognition of revenue from the unearned revenue account
3. Accrual of interest payable
4. Accrual of fees receivable
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