SlideShare a Scribd company logo
Nicole Martins is the controller at UMC Corp., a publicly-
traded manufacturing company. Last year, UMC had annual
sales revenue of $15 million. The first quarter of this year just
ended, and Nicole needs to prepare a trial balance so she can
prepare the quarterly financial statements. However, trial
balance is out of balance by $750 (credits exceed debits).
Nicole is running out of time as the report is due today!
Therefore, she decides to balance by plugging the $750 into the
Equipment account. She chose the Equipment account because it
has the largest account balance. Therefore, with the $750 added,
it will be the least-misstated account.
Identify the stakeholders in the case.
Explain the ethical issues the case involves.
If you were Nicole, what would you do?

More Related Content

More from TanaMaeskm

New and Origninal work. The topic is already provided below and I ne.docx
New and Origninal work. The topic is already provided below and I ne.docxNew and Origninal work. The topic is already provided below and I ne.docx
New and Origninal work. The topic is already provided below and I ne.docx
TanaMaeskm
 
New essay -- minimum 300 words3 resources used NO cover sheet or.docx
New essay -- minimum 300 words3 resources used NO cover sheet or.docxNew essay -- minimum 300 words3 resources used NO cover sheet or.docx
New essay -- minimum 300 words3 resources used NO cover sheet or.docx
TanaMaeskm
 
Neurological DisordersNeurological disorders, such as headaches, s.docx
Neurological DisordersNeurological disorders, such as headaches, s.docxNeurological DisordersNeurological disorders, such as headaches, s.docx
Neurological DisordersNeurological disorders, such as headaches, s.docx
TanaMaeskm
 
Neurodevelopmental and Neurocognitive Disorders Paper··I.docx
Neurodevelopmental and Neurocognitive Disorders Paper··I.docxNeurodevelopmental and Neurocognitive Disorders Paper··I.docx
Neurodevelopmental and Neurocognitive Disorders Paper··I.docx
TanaMaeskm
 
Needs to be done by 8pm central time!!!!!!An important aspect .docx
Needs to be done by 8pm central time!!!!!!An important aspect .docxNeeds to be done by 8pm central time!!!!!!An important aspect .docx
Needs to be done by 8pm central time!!!!!!An important aspect .docx
TanaMaeskm
 
Need to know about 504 plan and IEP.  I need to research the process.docx
Need to know about 504 plan and IEP.  I need to research the process.docxNeed to know about 504 plan and IEP.  I need to research the process.docx
Need to know about 504 plan and IEP.  I need to research the process.docx
TanaMaeskm
 
Nelson Carson is a 62-year-old man who presents to his private pract.docx
Nelson Carson is a 62-year-old man who presents to his private pract.docxNelson Carson is a 62-year-old man who presents to his private pract.docx
Nelson Carson is a 62-year-old man who presents to his private pract.docx
TanaMaeskm
 
Negotiation strategiesUsing the text Negotiation Readings, Exerc.docx
Negotiation strategiesUsing the text Negotiation Readings, Exerc.docxNegotiation strategiesUsing the text Negotiation Readings, Exerc.docx
Negotiation strategiesUsing the text Negotiation Readings, Exerc.docx
TanaMaeskm
 
Needs to be done in the next 3-4 hours .docx
Needs to be done in the next 3-4 hours .docxNeeds to be done in the next 3-4 hours .docx
Needs to be done in the next 3-4 hours .docx
TanaMaeskm
 
Needs quotes and needs to be citied!!about 2 pages.NO PLAGARISM..docx
Needs quotes and needs to be citied!!about 2 pages.NO PLAGARISM..docxNeeds quotes and needs to be citied!!about 2 pages.NO PLAGARISM..docx
Needs quotes and needs to be citied!!about 2 pages.NO PLAGARISM..docx
TanaMaeskm
 
need to work on my present assignment using my last assignment as .docx
need to work on my present assignment using my last assignment as .docxneed to work on my present assignment using my last assignment as .docx
need to work on my present assignment using my last assignment as .docx
TanaMaeskm
 
Needed 10 pages in the next 8 hoursThe BRICS (Brazil, Russia, In.docx
Needed 10 pages in the next 8 hoursThe BRICS (Brazil, Russia, In.docxNeeded 10 pages in the next 8 hoursThe BRICS (Brazil, Russia, In.docx
Needed 10 pages in the next 8 hoursThe BRICS (Brazil, Russia, In.docx
TanaMaeskm
 
Network Architecture PaperCompare the TCPIP protocol suite and t.docx
Network Architecture PaperCompare the TCPIP protocol suite and t.docxNetwork Architecture PaperCompare the TCPIP protocol suite and t.docx
Network Architecture PaperCompare the TCPIP protocol suite and t.docx
TanaMaeskm
 
NeedleSyringe Exchange Programs (NEP’s SEP’s) while not funded by f.docx
NeedleSyringe Exchange Programs (NEP’s SEP’s) while not funded by f.docxNeedleSyringe Exchange Programs (NEP’s SEP’s) while not funded by f.docx
NeedleSyringe Exchange Programs (NEP’s SEP’s) while not funded by f.docx
TanaMaeskm
 
need to be done in 20 mins.docx
need to be done in 20 mins.docxneed to be done in 20 mins.docx
need to be done in 20 mins.docx
TanaMaeskm
 
Need to do two essay. Only one page.... Tree paragraph.1. What k.docx
Need to do two essay. Only one page.... Tree paragraph.1. What k.docxNeed to do two essay. Only one page.... Tree paragraph.1. What k.docx
Need to do two essay. Only one page.... Tree paragraph.1. What k.docx
TanaMaeskm
 
Need this done 7hours from nowProcedural Law and the Bill of Right.docx
Need this done 7hours from nowProcedural Law and the Bill of Right.docxNeed this done 7hours from nowProcedural Law and the Bill of Right.docx
Need this done 7hours from nowProcedural Law and the Bill of Right.docx
TanaMaeskm
 
need this due before 5pm today can anyone help me outStudent wil.docx
need this due before 5pm today can anyone help me outStudent wil.docxneed this due before 5pm today can anyone help me outStudent wil.docx
need this due before 5pm today can anyone help me outStudent wil.docx
TanaMaeskm
 
Need short paragraph to answer this question for discussion board..docx
Need short paragraph to answer this question for discussion board..docxNeed short paragraph to answer this question for discussion board..docx
Need short paragraph to answer this question for discussion board..docx
TanaMaeskm
 
Need response to thisdiscussion - (200 to 300 words) to the mess.docx
Need response to thisdiscussion - (200 to 300 words) to the mess.docxNeed response to thisdiscussion - (200 to 300 words) to the mess.docx
Need response to thisdiscussion - (200 to 300 words) to the mess.docx
TanaMaeskm
 

More from TanaMaeskm (20)

New and Origninal work. The topic is already provided below and I ne.docx
New and Origninal work. The topic is already provided below and I ne.docxNew and Origninal work. The topic is already provided below and I ne.docx
New and Origninal work. The topic is already provided below and I ne.docx
 
New essay -- minimum 300 words3 resources used NO cover sheet or.docx
New essay -- minimum 300 words3 resources used NO cover sheet or.docxNew essay -- minimum 300 words3 resources used NO cover sheet or.docx
New essay -- minimum 300 words3 resources used NO cover sheet or.docx
 
Neurological DisordersNeurological disorders, such as headaches, s.docx
Neurological DisordersNeurological disorders, such as headaches, s.docxNeurological DisordersNeurological disorders, such as headaches, s.docx
Neurological DisordersNeurological disorders, such as headaches, s.docx
 
Neurodevelopmental and Neurocognitive Disorders Paper··I.docx
Neurodevelopmental and Neurocognitive Disorders Paper··I.docxNeurodevelopmental and Neurocognitive Disorders Paper··I.docx
Neurodevelopmental and Neurocognitive Disorders Paper··I.docx
 
Needs to be done by 8pm central time!!!!!!An important aspect .docx
Needs to be done by 8pm central time!!!!!!An important aspect .docxNeeds to be done by 8pm central time!!!!!!An important aspect .docx
Needs to be done by 8pm central time!!!!!!An important aspect .docx
 
Need to know about 504 plan and IEP.  I need to research the process.docx
Need to know about 504 plan and IEP.  I need to research the process.docxNeed to know about 504 plan and IEP.  I need to research the process.docx
Need to know about 504 plan and IEP.  I need to research the process.docx
 
Nelson Carson is a 62-year-old man who presents to his private pract.docx
Nelson Carson is a 62-year-old man who presents to his private pract.docxNelson Carson is a 62-year-old man who presents to his private pract.docx
Nelson Carson is a 62-year-old man who presents to his private pract.docx
 
Negotiation strategiesUsing the text Negotiation Readings, Exerc.docx
Negotiation strategiesUsing the text Negotiation Readings, Exerc.docxNegotiation strategiesUsing the text Negotiation Readings, Exerc.docx
Negotiation strategiesUsing the text Negotiation Readings, Exerc.docx
 
Needs to be done in the next 3-4 hours .docx
Needs to be done in the next 3-4 hours .docxNeeds to be done in the next 3-4 hours .docx
Needs to be done in the next 3-4 hours .docx
 
Needs quotes and needs to be citied!!about 2 pages.NO PLAGARISM..docx
Needs quotes and needs to be citied!!about 2 pages.NO PLAGARISM..docxNeeds quotes and needs to be citied!!about 2 pages.NO PLAGARISM..docx
Needs quotes and needs to be citied!!about 2 pages.NO PLAGARISM..docx
 
need to work on my present assignment using my last assignment as .docx
need to work on my present assignment using my last assignment as .docxneed to work on my present assignment using my last assignment as .docx
need to work on my present assignment using my last assignment as .docx
 
Needed 10 pages in the next 8 hoursThe BRICS (Brazil, Russia, In.docx
Needed 10 pages in the next 8 hoursThe BRICS (Brazil, Russia, In.docxNeeded 10 pages in the next 8 hoursThe BRICS (Brazil, Russia, In.docx
Needed 10 pages in the next 8 hoursThe BRICS (Brazil, Russia, In.docx
 
Network Architecture PaperCompare the TCPIP protocol suite and t.docx
Network Architecture PaperCompare the TCPIP protocol suite and t.docxNetwork Architecture PaperCompare the TCPIP protocol suite and t.docx
Network Architecture PaperCompare the TCPIP protocol suite and t.docx
 
NeedleSyringe Exchange Programs (NEP’s SEP’s) while not funded by f.docx
NeedleSyringe Exchange Programs (NEP’s SEP’s) while not funded by f.docxNeedleSyringe Exchange Programs (NEP’s SEP’s) while not funded by f.docx
NeedleSyringe Exchange Programs (NEP’s SEP’s) while not funded by f.docx
 
need to be done in 20 mins.docx
need to be done in 20 mins.docxneed to be done in 20 mins.docx
need to be done in 20 mins.docx
 
Need to do two essay. Only one page.... Tree paragraph.1. What k.docx
Need to do two essay. Only one page.... Tree paragraph.1. What k.docxNeed to do two essay. Only one page.... Tree paragraph.1. What k.docx
Need to do two essay. Only one page.... Tree paragraph.1. What k.docx
 
Need this done 7hours from nowProcedural Law and the Bill of Right.docx
Need this done 7hours from nowProcedural Law and the Bill of Right.docxNeed this done 7hours from nowProcedural Law and the Bill of Right.docx
Need this done 7hours from nowProcedural Law and the Bill of Right.docx
 
need this due before 5pm today can anyone help me outStudent wil.docx
need this due before 5pm today can anyone help me outStudent wil.docxneed this due before 5pm today can anyone help me outStudent wil.docx
need this due before 5pm today can anyone help me outStudent wil.docx
 
Need short paragraph to answer this question for discussion board..docx
Need short paragraph to answer this question for discussion board..docxNeed short paragraph to answer this question for discussion board..docx
Need short paragraph to answer this question for discussion board..docx
 
Need response to thisdiscussion - (200 to 300 words) to the mess.docx
Need response to thisdiscussion - (200 to 300 words) to the mess.docxNeed response to thisdiscussion - (200 to 300 words) to the mess.docx
Need response to thisdiscussion - (200 to 300 words) to the mess.docx
 

Recently uploaded

PART A. Introduction to Costumer Service
PART A. Introduction to Costumer ServicePART A. Introduction to Costumer Service
PART A. Introduction to Costumer Service
PedroFerreira53928
 
Fish and Chips - have they had their chips
Fish and Chips - have they had their chipsFish and Chips - have they had their chips
Fish and Chips - have they had their chips
GeoBlogs
 
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxStudents, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
EduSkills OECD
 
Overview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with MechanismOverview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with Mechanism
DeeptiGupta154
 
Unit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdfUnit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdf
Thiyagu K
 
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdfUnit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Thiyagu K
 
How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17
Celine George
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
siemaillard
 
Instructions for Submissions thorugh G- Classroom.pptx
Instructions for Submissions thorugh G- Classroom.pptxInstructions for Submissions thorugh G- Classroom.pptx
Instructions for Submissions thorugh G- Classroom.pptx
Jheel Barad
 
Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......
Ashokrao Mane college of Pharmacy Peth-Vadgaon
 
Basic phrases for greeting and assisting costumers
Basic phrases for greeting and assisting costumersBasic phrases for greeting and assisting costumers
Basic phrases for greeting and assisting costumers
PedroFerreira53928
 
Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345
beazzy04
 
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
EugeneSaldivar
 
Language Across the Curriculm LAC B.Ed.
Language Across the  Curriculm LAC B.Ed.Language Across the  Curriculm LAC B.Ed.
Language Across the Curriculm LAC B.Ed.
Atul Kumar Singh
 
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
Nguyen Thanh Tu Collection
 
Introduction to Quality Improvement Essentials
Introduction to Quality Improvement EssentialsIntroduction to Quality Improvement Essentials
Introduction to Quality Improvement Essentials
Excellence Foundation for South Sudan
 
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
MysoreMuleSoftMeetup
 
Model Attribute Check Company Auto Property
Model Attribute  Check Company Auto PropertyModel Attribute  Check Company Auto Property
Model Attribute Check Company Auto Property
Celine George
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
siemaillard
 
Thesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.pptThesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.ppt
EverAndrsGuerraGuerr
 

Recently uploaded (20)

PART A. Introduction to Costumer Service
PART A. Introduction to Costumer ServicePART A. Introduction to Costumer Service
PART A. Introduction to Costumer Service
 
Fish and Chips - have they had their chips
Fish and Chips - have they had their chipsFish and Chips - have they had their chips
Fish and Chips - have they had their chips
 
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxStudents, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
 
Overview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with MechanismOverview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with Mechanism
 
Unit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdfUnit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdf
 
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdfUnit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdf
 
How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
 
Instructions for Submissions thorugh G- Classroom.pptx
Instructions for Submissions thorugh G- Classroom.pptxInstructions for Submissions thorugh G- Classroom.pptx
Instructions for Submissions thorugh G- Classroom.pptx
 
Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......
 
Basic phrases for greeting and assisting costumers
Basic phrases for greeting and assisting costumersBasic phrases for greeting and assisting costumers
Basic phrases for greeting and assisting costumers
 
Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345
 
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
 
Language Across the Curriculm LAC B.Ed.
Language Across the  Curriculm LAC B.Ed.Language Across the  Curriculm LAC B.Ed.
Language Across the Curriculm LAC B.Ed.
 
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
 
Introduction to Quality Improvement Essentials
Introduction to Quality Improvement EssentialsIntroduction to Quality Improvement Essentials
Introduction to Quality Improvement Essentials
 
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
 
Model Attribute Check Company Auto Property
Model Attribute  Check Company Auto PropertyModel Attribute  Check Company Auto Property
Model Attribute Check Company Auto Property
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
 
Thesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.pptThesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.ppt
 

Nicole Martins is the controller at UMC Corp., a publicly-traded man.docx

  • 1. Nicole Martins is the controller at UMC Corp., a publicly- traded manufacturing company. Last year, UMC had annual sales revenue of $15 million. The first quarter of this year just ended, and Nicole needs to prepare a trial balance so she can prepare the quarterly financial statements. However, trial balance is out of balance by $750 (credits exceed debits). Nicole is running out of time as the report is due today! Therefore, she decides to balance by plugging the $750 into the Equipment account. She chose the Equipment account because it has the largest account balance. Therefore, with the $750 added, it will be the least-misstated account. Identify the stakeholders in the case. Explain the ethical issues the case involves. If you were Nicole, what would you do?