Sammy is in charge of accounting for the purchase of equipment at Cal Works Inc....
70.2K
Verified Solution
Link Copied!
Question
Accounting
Sammy is in charge of accounting for the purchase of equipment at Cal Works Inc. The company has a policy that all expenditures greater than $ of total expenditures have to be capitalized, less than $ should be expensed. Sammy is under pressure to report high earnings. He takes a $ and a $ expenditure, adds them together and records a capital expenditure for $ Which of the following reasons and rationalizations might be the most relevant that Sammy would use to justify his actions? This is a one time thing that I am doing. I will never do it again. This is not that big of a number and won't have that big of an effect to the company but will help me This is standard practice, everyone does it They owe me this, they have not been fair to me up until now.
Sammy is in charge of accounting for the purchase of equipment at Cal Works Inc. The company has a policy that all expenditures greater than $ of total expenditures have to be capitalized, less than $ should be expensed. Sammy is under pressure to report high earnings. He takes a $ and a $ expenditure, adds them together and records a capital expenditure for $ Which of the following reasons and rationalizations might be the most relevant that Sammy would use to justify his actions?
This is a one time thing that I am doing. I will never do it again.
This is not that big of a number and won't have that big of an effect to the company but will help me
This is standard practice, everyone does it
They owe me this, they have not been fair to me up until now.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.