ASSIGNMENT: ETHICS WRITING ASSIGNMENT
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Assignment: Ethics Writing Assignment
Ethics play a vital role in business and in the accounting profession. Here is an opportunity to connect you current learning about inventory with the profession’s commitment to ethics.
BYP6-7: R. J. Graziano Wholesale Corp. uses the LIFO method of inventory costing. In the current year, profit at R. J. Graziano is running unusually high. The corporate tax rate is also high this year, but it is scheduled to decline significantly next year. In an effort to lower the current year’s net income and to take advantage of the changing income tax rate, the president of R. J. Graziano Wholesale instructs the plant accountant to recommend to the purchasing department a large purchase of inventory for delivery 3 days before the end of the year. The price of the inventory to be purchased has doubled during the year, and the purchase will represent a major portion of the ending inventory value.
Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2014). Accounting principles (12th ed.). Hoboken, NJ: John Wiley & Sons, Inc.
You are to write a 2 – 4 page paper. Use the ethics resources for accounting. Make sure to cite at least one source from those provided and reference them (in your separate reference page) following APA guidelines.
Respond thoroughly to the following questions in your reflective essay: