ACC 201 Week 3 Assignment GAAP & Ethics

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ACC 201 Week 3 Assignment GAAP & Ethics
  1. GAAP & Ethics. Read ATC 6-5 exercise in the back of the chapter and answer part a. Additionally, given what you have learned about financial accounting so far, describe several ways you could “adjust” the financial records to make your company look better yet still follow GAAP and ethical guidelines. (Hint: think of the choices that can be used in the various accounting methods you have learned: i.e., inventory valuation methods.)