Leon Manternach, president of Manternach Company, has instructed Carla Ruden, the head of the accounting department for Manternach Company, to report the company’s land in the company’s accounting reports at its fair value of $170,000 instead of its cost of $100,000. Manternach says, “Showing the land at $170,000 will make our company look like a better investment when we try to attract new investors next month.”InstructionsExplain the ethical situation involved for Carla Ruden, identifying the stakeholders and the alternatives.View Solution:
Leon Manternach president of Manternach Company has instructed