Title: Competency Assessment: (CU1 M2) Ethics Assessment #1
Course: SkillsCom BA 211 15.0 > Section: Credit Unit 1 Module 2

Prepare and submit a one page document that answers the requirements at the end of Case 1 on page 99 of your e-Text. Please write your answers in essay format.

Requirement #1

Should Lynne debit the Dividends account rather than the Legal Expense account?

Requirement #2

Do you agree with her thought that it really doesn’t matter how the $3,800 payment is shown as long as it is shown somewhere?

Requirement #3

Considering that Lynne owns all of the Liberty Physical Therapy, Inc., common stock, does she have any ethical responsibilities to properly record each business transaction?