Discussion 200 words, Principle of accounting 2-Receivables.
Stacey Ball, vice president of operations for Clinton County Bank, has instructed the bank’s computer programmer to use a 365-day year to compute interest on depository accounts (liabilities). Stacey also instructed the programmer to use a 360-day year to compute interest on loans (assets).
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Discuss whether Stacey is behaving in a professional manner.