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Conduct additional research and then answer each problem in two separate 500 to 700 word responses:

a) Penn Square Bank: Describe the ethical pressures on the firm regarding documentation, credit extension and revenue recognition which lead to the final collapse? What must have been done to decrease or offset such pressures?

Dow Corning Bankruptcy: What was the business ethical challenge comprised in filing bankruptcy for Dow Corning? Examine the actions of the two parent companies, Dow and Corning that stand for the largest ethical issues.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M929201

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