AB116: Accounting II Unit 6: Unit 6: Accounting for Partnerships - Discussion

Just like in any type of business organization, ethics in partnership is important because of the difficulties that two or more persons have in arriving at a common decision. Partners are under constant pressure to protect their investment. After reading the Ethics Case on pp. 604–605 of your text, discuss the following:

1. Who are the stakeholders in this situation?
2. Identify the problems with Alexandra’s actions and discuss the ethical considerations of her actions.
3. How might the partnership agreement be revised to accommodate the differences in Alexandra’s and Kellie’s work and withdrawal habits?