The accountant for Myra Lido deliberately deferred cash payments for business expenses in order to record a higher operating cash flow for the company. As long as the amount was not material, this would not be considered unethical behavior.

Question

Quizplus · Accepted Answer

Deliberately deferring cash payments to manipulate financial statements is unethical behavior, regardless of the materiality of the amount. It is important to report financial information accurately and with integrity.

The Accountant for Myra Lido Deliberately Deferred Cash Payments for Business