In the Shifty Industries case,the primary ethical issue can be stated as:
A)Whether an accountant should claim a higher section 179 deduction ($100,000) than allowed by law.
B)Whether an accountant should claim any section 179 deduction or not.
C)Whether an accountant should claim inflated expenses on the company tax return.
D)Whether an accountant should claim a section 179 deduction ($25,000) as allowed by law.

Question

Quizplus · Accepted Answer

The primary ethical issue in the Shifty Industries case is whether the accountant should claim a higher section 179 deduction ($100,000) than allowed by law. This action would be considered fraudulent and unethical as it violates accounting norms and regulations. The accountant should only claim the section 179 deduction that is legally allowed ($25,000) to avoid any ethical and legal issues.

In the Shifty Industries Case,the Primary Ethical Issue Can Be