Which of the following actions would be considered unethical?
A)A company does not distribute any of its profits to stockholders.
B)A company rounds the revenues and expenses that it reports on the income statement.
C)An unintentional mistake made by a new accountant.
D)Receiving a paycheck for double the amount due to you and not reporting it to your employer.

Question

Quizplus · Accepted Answer

It would be unethical to not report an overpayment of wages to your employer.Companies may retain profits,which help the company grow,which may cause the stock price to increase,benefiting stockholders.Rounding amounts reported on the financial statements is a common practice and does not lead to material misstatement.An unintentional mistake is not considered unethical.

Which of the Following Actions Would Be Considered Unethical