You are the assistant controller in charge of general ledger accounting at Hallasan Bottling. Your company has a large loan from an insurance company. The loan agreement requires that the company’s cash account balance be maintained at W200,000 or more, as reported monthly (amounts in thousands). At June 30, the cash balance is W80,000, which you report to Yoo Yun, the financial vice president. Yoo excitedly instructs you to keep the cash receipts book open for one additional day for purposes of the June 30 report to the insurance company. Yoo says, “If we don’t get that cash balance over W200,000, we’ll default on our loan agreement. They could close us down, put us all out of our jobs!” Yoo continues, “I talked to Oconto Distributors (one of Hallasan’s largest customers) this morning. They said they sent us a check for W150,000 yesterday. We should receive it tomorrow. If we include just that one check in our cash balance, we’ll be in the clear. It’s in the mail!”

Instructions
a. Who will suffer negative effects if you do not comply with Yoo’s instructions? Who will suffer if you do comply?
b. What are the ethical considerations in this case?
c. What alternatives do you have?