You are the recently hired senior accountant for a 50 billion dollar a year corporation.

You are the recently hired senior accountant for a 50 billion dollar a year corporation. ON the first day of your employment the CFO came to you and asked you to make the following journal entry to record the cash payment of his bonus:1,600,0001,600,000You are not comfortable making this journal entry and need to write a memo to the CFO explaining why this journal entry is either appropriate or not appropriate. If it is not appropriate you need to provide the correct journal entry and explain to him/her the ethical ramifications of your (their) decision.Kurt

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