In the Cleveland Custom Cabinets case, the owner of the company thought it was all right to manipulate the financial statement numbers primarily because:
A) He wanted to improve earnings to increase the share price of company stock
B) The treatment recommended by the owner for estimating overhead conformed to GAAP
C) He was the sole owner of the company and controlled the board of directors
D) He got approval from the auditors

Question

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The owner believed it was acceptable to manipulate financial statement numbers because he was the sole owner and controlled the board of directors, thinking his ownership and control justified his actions.

In the Cleveland Custom Cabinets Case, the Owner of the Company