Upon reading the article "Crazy Eddie Fraud," can you explain how Crazy Eddie's fake purchase discounts affected the company's profit on the income statement and give me an example of the effect on the income statement?

Can you give me an example of how the premature recognition of sales affected their profit on the income statement?

Can you explain how the overstatement of inventory assets affected the balance sheet, and describe how the balance sheet would appear?

If you were to establish a set of records for a merchandising company, can you describe what procedures you would implement to ensure ethical decisions were being made?