
1.
To provide:
The answer to the following questions using the Institute Management of Accounts (IMA) Statement of Ethical Professional Practice as an ethical framework:
a. What is (are) the ethical issue(s) in this situation?
b. What are the responsibilities of Ms. P as a
c. Has Ms. P violated any part of the IMA Statement of Ethical Professional Practice?
2.
To identify: The factor which causes the shift from a loss to a profit in the hypothetical example.
3.
To explain: The problems caused by building inventories at year-end.
4.
To describe: The action to be taken by the company to prevent future situations like the one described in this case.

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Chapter 6 Solutions
Managerial Accounting, Student Value Edition Plus NEW MyLab Accounting with Pearson eText -- Access Card Package (4th Edition)
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