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QUESTION
The CFO is clearly asking Jim Fielding to recognize revenue in 2003 which he knows will be reversed as a sales return in 2004. Ethical Dilemma:
The CFO is clearly asking Jim Fielding to recognize revenue in 2003 which he knows will be reversed as a sales return in 2004. Ethical Dilemma: Is Jim"s obligation to challenge the memo of the CFO and provide useful information to users of the financial statements greater than the obligation to prevent a company loss in 2003 that may lead to bankruptcy? Who is affected?
