In the making ethical decisions box titled "would you cook the books? " the situation provides the student with an ethical dilemma that might present itself to an accounting professional. the story focuses on: is it ethical to transfer long-term liabilities on the balance sheet to the balance sheet of a secondary firm? inflate the values of assets on the balance sheet? account for sales and profits at a time period, before or after the time these sales and profits actually occurred? change one's method of accounting for inventory during the same fiscal year?

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.