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    Mobile Computer Company: advance convention-related payments

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    Mobile Computer Company: When should the advance convention-related payments be recorded as expense in the accounting records. The discussion centers around the ethics of recording the expenses in July as opposed to September when the convention is held.

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    https://brainmass.com/business/business-philosophy-and-ethics/mobile-computer-company-advance-convention-related-payments-223199

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    Problem: Mobile Computer Company: When should the advance convention-related payments be recorded as expense in the accounting records. The discussion centers around the ethics of recording the expenses in July as opposed to September when the convention is held.

    Solution:

    This problem is billed as an ethics problem, but it is also an accounting problem.

    Applied ethics suggest that Sheri is looking for an easy way to pad her expenses for July. This ethics departure is not a serious one as other marketing ethical violations, such as price-fixing, anti-competitive practices or ...

    Solution Summary

    In 339 words, the solution explains a number of issues relating to this inappropriate activity, and the resulting problems that can occur in both accounting and ethics.

    $2.19

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