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For Leo" Ethical Issue Mel O'Conner owns rental pr...




For Leo" Ethical Issue Mel O'Conner owns rental properties in Michigan. Each property has a manager who collects rent, arranges for repairs, and runs advertisements in the local newspaper. The property managers transfer cash to O'Conner monthly and prepare their own bank reconciliations. The manager in Lansing has been stealing from the company. To cover the theft, he understates the amount of outstanding checks on the monthly bank reconciliation. As a result, each monthly bank reconciliation appears to balance. In negotiating the sale of the Lansing property, O'Conner is showing the balance sheet to prospective investors o o Determine which parties can be harmed by this theft, examine the extent of harm caused to each party, and analyze the implications to each. o Examine the role accounting plays in this situation. o Determine how O?Conner might discover the fraud in this situation.,If possible tonight, if not tomorrow by 10 AM. Thanks, you are a life-saver with this course. I am a computer major, not an accounting major.


Paper#1210 | Written in 18-Jul-2015

Price : $25