Steve Holden, controller for Glenda Company, was approached by Helena Glenda, the CEO. Helena asked that Steve do something to increase net income from $94,000 to slightly over $100,000 to meet the requirements of a bank loan. Steve replaced a $9,000 debit to Payroll Tax Expense when recording the employer payroll taxes with a debit to Land, since the large balance in that account would not Required:
Was Helena's request, or Steve's action, ethical? Explain.

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The Answer of Steve Holden, controller for Glenda Company, was approached by Helena Glenda, the CEO. Helena asked that Steve do something to increase net income from $94,000 to slightly over $100,000 to meet the requirements of a bank loan. Steve replaced a $9,000 debit to Payroll Tax Expense when recording the employer payroll taxes with a debit to Land, since the large balance in that account would not Required:
Was Helena's request, or Steve's action, ethical? Explain.

Steve Holden, Controller for Glenda Company, Was Approached by Helena