The CEO of the business would like to improve the company's bottom line by decreasing its expenses for this quarter. In a memo, the CEO suggests capitalizing of the larger repair cost.Recognizing it over several months.

Questions:

Discuss if there is anything wrong or unethical about the CEO's suggestion. Explain your response as well as how you would address it or what actions you would take.

In your responses to your classmates, discuss any alternatives that could be taken. What resources are available to professional accountants to navigate this situation

Answer rating: 100% (QA)

The CEOs suggestion of capitalizing the larger repair cost and recognizing it over several months raises ethical concerns and potential accounting issues Capitalizing repair costs essentially means tr... View the full answer