{"id":126582,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/what-are-the-ethical-issues-involved-b-should-mcelroy-agree-to-the-delay"},"modified":"2017-08-16T06:10:54","modified_gmt":"2017-08-16T06:10:54","slug":"what-are-the-ethical-issues-involved-b-should-mcelroy-agree-to-the-delay","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/what-are-the-ethical-issues-involved-b-should-mcelroy-agree-to-the-delay\/","title":{"rendered":"What are the ethical issues involved? (b) Should McElroy agree to the delay?"},"content":{"rendered":"<div class=\"the_content_wrapper\">\n<p>Question: CA24-12 ETHICS (Reporting of Subsequent Events) In June 2017, the board of directors for McElroy Enterprises Inc. authorized the sale of $10,000,000 of <\/p>\n<p>corporate bonds. Jennifer Grayson, treasurer for McElroy Enterprises Inc., is concerned about the date when the bonds are issued. The company really needs the cash, <\/p>\n<p>but she is worried that if the bonds are issued before the company\u2019s year-end (December 31, 2017) the additional liability will have an adverse effect on a number of <\/p>\n<p>important ratios. In July, she explains to company president William McElroy that if they delay issuing the bonds until after December 31 the bonds will not affect the <\/p>\n<p>ratios until December 31, 2018. They will have to report the issuance as a subsequent event which requires only footnote disclosure. Grayson expects that with expected <\/p>\n<p>improved financial performance in 2018, ratios should be better. Instructions (a) What are the ethical issues involved? (b) Should McElroy agree to the delay?<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Question: CA24-12 ETHICS (Reporting of Subsequent Events) In June 2017, the board of directors for McElroy Enterprises Inc. authorized the sale of $10,000,000 of corporate bonds. Jennifer Grayson, treasurer for McElroy Enterprises Inc., is concerned about the date when the <a href=\"https:\/\/www.benedictsol.com\/blogs\/what-are-the-ethical-issues-involved-b-should-mcelroy-agree-to-the-delay\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-126582","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/126582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=126582"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/126582\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=126582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=126582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=126582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}