Hadley, the CFO of Oregon Snowboards, received a watch from one of her company’s largest vendors, Colorado Sports. She received the gift with a card congratulating her on Oregon Snowboard’s recent merger with another company. In determining whether accepting the gift would create a significant threat to her compliance with the AICPA code, which factor should Hadley consider?

Whether she truly earned the gift.

Whether the gift was reasonable in the circumstances.

Whether she disclosed receipt of the gift to the board of directors.

Whether the gift cost more than $100.

Answer rating: 100% (QA)

1Whether the gift is reasonable in the circumstances The ke... View the full answer