To supplement her income, Jeanne Lester decided to start her own bookkeeping bus

Question

To supplement her income, Jeanne Lester decided to start her own bookkeeping business while still working as an office assistant at Howe & Lyon, a small CPA firm. Not having much start-up capital for her new business, she used her phone at work to contact clients and her work computer to print invoices and client letters. However, she ordered and paid for her own office supplies and used her own postage stamps to mail the invoices and letters. From the information given, has Jeanne misappropriated any of the firm’s assets? Defend your answer in detail

Explanation / Answer

yes jeanne mis appropriated directly the firms computer. because computer is given to her for doing official work . but partially she used it for his own business. but what revenue she gets in not shared with her office so she is using office furniture but dont pay any payouts. on the other hand she indirectly misuse office electricilty and other utilities in office

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.