On December 31, 2019, Escapee Company leased machinery from Terminator Corporation for an agreed upon lease term of 3 years. Escapee agreed to make annual lease payments of $17,000, beginning on December 31, 2019. The expected residual value of the machinery at the end of the lease term is $9,000. Escapee guarantees a residual value of $9,000 at the end of the lease term, which equals the expected residual value of the machinery. What amount will Escapee record as its lease liability if the expected residual value at the end of the lease term is $5,000 and Escapee guarantees a residual of $9,000. Its incremental borrowing rate is 6% and the implicit rate of the lease is unknown

David burdick is the ceo of acme bubblegum, a successful public company. as one of the cofounders of the company, burdick has enjoyed speaking and writing about the success of acme bubblegum for several years. typically, he speaks at conferences or directly to the press, but recently, he has been blogging about his firm anonymously. specifically, he defended a recent advertising campaign that was unpopular among consumers and pointedly attacked one of acme bubblegum’s competitors. burdick deeply enjoys his anonymous blogging and believes that none of his readers actually know that he works for acme bubblegum. should burdick be allowed to praise his company’s performance anonymously online? should he be allowed to attack his competitors without disclosing his relationship with the company? how would you feel if the ceo of a company at which you shopped was secretly writing criticisms of his or her competition? how would you feel if you knew a writer for your favorite blog was actually closely involved in a company that the blog discussed? 1. define the ethical issue? 2. who are the primary stakeholders? 3. what are the possible alternatives? 4. how could you evaluate the ethical implications of the alternative actions (use appropriate decision rules)? 5. what action would you recommend and why?