Ethics Writing Assignment

Respond thoroughly to the following questions in your reflective essay:

1. What is the effect of this transaction on this year and next year’s income statement and income tax expense? Why?
2. If R. J. Graziano Wholesale had been using the FIFO method of inventory costing, would the president give the same directive?
3. Should the plant accountant order the inventory purchase to lower income? What are the ethical implications of this order?
4. Which Code of Conduct principle would you act on from the professional codes of conduct guiding ethical behavior in this field (Provide the name of the organization, and the code of conduct that pertains to why you act, and then provide the URL for your source)?
5. Based on your chosen code of conduct principle(s), what would you do (step-by-step) in order to act in accordance with your chosen principle to address this situation?
Hint:
Remember that income taxes are an expense item that would be found on the income statement.
Make sure you take note that this is a LIFO (last in, first out inventory method).
(File named Unit 9 Assignment has the rest of the details)