Discussion 4 | ACC 557 – Financial Accounting | Strayer University


You are Chief Financial Officer (CFO) at Intrepid Investments (II). Your boss, Ellie Earner, is CEO of II. EE asks you to look into what potential liability, if any, II may have for her actions over last weekend so she may discuss this with an attorney.

It seems EE was feeling rather generous after watching her granddaughter, Annie Actress (AA), perform well at her district high school speech and debate competition. EE scratched out on a paper napkin that II would pay AA a $10,000 college scholarship from II’s petty cash account if AA continued to excel at speech and debate throughout her high school career. AA needed money now, though, so she gave the document to Carl Classmate (CC) for $7,000. CC then gave the document to Sandra Stranger (SS) for $5,000.

AA continued her excellence, and AA told EE she lost the napkin. EE verbally ordered II to pay AA $10,000.  

Inform EE of what liability, if any, II may have to pay AA so EE may discuss further with an attorney.Y

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more