Question: Fred: No problem. We'll report the delivery as a cash sale, and I'll have Bill Lawson advance me the cash as a temporary loan. He'll
Fred: No problem. We'll report the delivery as a cash sale, and I'll have Bill Lawson advance me the cash as a temporary loan. He'll do that to get the contract to build our new plant. In fact, we can do the same with some of our other receivables. We'll report them as collected, and I'll get Bill to cover. If he understands that this is what it takes to get the loan, he'll cooperate. Write a one to two page essay on this ethics issue. Include two outside references and use APA formatting: 1. Assume that Karla is subject to the Institute of Management Accountant's (IMA) code of ethics. Look up this code, and identify the standards of ethical conduct that will be violated, if any, by Karla should she agree to cooperate with Fred's scheme. 2. Using the IMA code of ethics, if you were in Karla's position, what would you do (supposing that Fred insists on implementing his plan)? Now, answer the question, assuming that Fred is willing to consider alternative ways to solve the company's problems
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