Final answer:
It is important to report any knowledge of the electronics components supplier having trouble paying bills to your employer. Reporting enables your employer to assess the financial stability and reliability of the supplier, reducing the risk of potential financial loss for your company. Reporting this information demonstrates professionalism and ethical responsibility as an accountant.
Step-by-step explanation:
As an accountant for Innovative Computing, it is your responsibility to ensure the financial well-being of your company. Therefore, it is important to report any relevant information to your employer, including the knowledge of the electronics components supplier having trouble paying bills. By sharing this information, you help your employer make an informed decision about entering into a contract with the supplier.
Reporting this information is essential because it enables your employer to assess the financial stability and reliability of the supplier. If the electronics components supplier is facing financial difficulties, there is a risk that they may not be able to fulfill their obligations under the contract, resulting in potential financial loss for your company.
By reporting this information, you are acting in the best interest of Innovative Computing and demonstrating your professionalism and ethical responsibility as an accountant.