Answers
A. The basic ethical issue is that company should present it's true & fair value Financial statement. Removing the losses and showing the assets which was not owned by company is totally a false and mis-guiding financial. This will give the wrong picture of the company to shareholder and investor.
B. As per the generally accepted principal company should present correct and fair financial statement.
By reducing the expenses which was already happened and adding the assets which was not owned by company will give the in-correct picture of financial statement. So it will be totally violation of generally accepted accounting principles.
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