Top Notch's Financial Conditions

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Considering Top Notch’s financial condition, there are multiple ethical issues that are being presented to the company, its President and Vice President and myself. For the company, the ethical issue is that should it fake the information on the company's cash position and balance sheet to continue getting the funds from First National Bank or be honest with them and ask for an extension to pay the interest amount. This is an important issue for the company because bills over $12,000-$15,000 are due and the company’s cash reserves are depleted. Top Notch will get sued by its creditors so there is an ethical dilemma for the company to lie and get the funds or be honest and ask for extension. An ethical issue presented to the President and Vice

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