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Question: principles of financial accounting acci grace period 12 days lefti...

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Principles of Financial Accounting (ACCI Grace Period: 12 days leftI Registe Kimmel, Financial Accounting, Be Assignment Gradebook ORION Downloadable eTextbook ent CALCULATOR ULLSORIIN PRİNİR VIRSION 4BACK Suppose you were a CPA and you had invested in 1BM when IBM was not one of your firms dients. Two years later, after IBMs stock price had fallen considerably, your firm won the IBM audit contract. You ill be involved in working with the 1BM audit. You know that your firms rules require that you sell your shares immediately. If you do sell immediately, you will sustain a large loss. Do you think this is fair? What would you do? Why do you think PricewaterhouseCoopers took such extreme steps in response to the SEC investigation? alt
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