AC499 DB 10

Part a) If Patty wants to show the bank the maximum profit over the previous 2-year period, which costing method should she present?
Part b) However, the bank requires that all financial statements conform to Generally Accepted Accounting Principles (GAAP). Based on that requirement, which costing method should she present?
Part c) The bank has delivered a memo in preparation for the meeting to negotiate the Credit Line; the memo states that they will expect a significant Net Income. Based on your responses to Parts a & b, what are the legal and ethical issues facing Stacy Lynn?
You must post your initial thread to the DB before 11:59 PM (ET) on Saturday of the unit. Then, you must respond to at least 2 of your colleagues by the end of the unit on Tuesday. These 3 separate posts must be made on 3 different days.
Also, if the instructor asks a follow-up question to your post, your reply to that question will also qualify to satisfy the requirements to make 2 response posts.
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