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4 Instructions Explain the ethical situation involved for Ron Rivera, identifying the stakeholders and the alternatives. The following situations...
1.4 InstructionsExplain the ethical situation involved for Ron Rivera, identifying the stakeholders and thealternatives. The following situations involve accounting principles and assumptions.1. Grossman Company owns buildings that are worth substantially more than they originallycost. In an effort to provide more relevant information, Grossman reports the buildings atmarket value in its accounting reports.2. Jones Company includes in its accounting records only transaction data that can beexpressed in terms of money.3. Caleb Borke, president of Caleb’s Cantina, records his personal living costs as expenses ofthe Cantina.
