To supplement her income, Jeanne Lester decided to start her own bookkeeping business while still working as an office assistant at Howe & Lyon, a small CPA firm. Not having much start-up capital for her new business, she used her phone at work to contact clients and her work computer to print invoices and client letters. However, she ordered and paid for her own office supplies and used her own postage stamps to mail the invoices and letters. From the information given, has Jeanne misappropriated any of the firm's assets?

Question

Quizplus · Accepted Answer

Jeanne has used the firm's phone and computer for her personal business, which is a misappropriation of company assets. Even if Jeanne reimbursed the company for the expenses incurred, it is still a violation of company policies and can harm the firm's reputation.

To Supplement Her Income, Jeanne Lester Decided to Start Her