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Bugs R Us (BRU) Inc. is a pesticide manufacturer. Its sales declined greatly this year due to the passage of legislation outlawing the sale of

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Bugs R Us (BRU) Inc. is a pesticide manufacturer. Its sales declined greatly this year due to the passage of legislation outlawing the sale of several of BRU's chemical pesticides. In the coming year, BRU will have environmentally safe and competitive chemicals to replace these discontinued products Sales in the next year are expected to greatly exceed those from any prior years. The decline in sales and profits appears to be a one year aberration But even so, the company president fears a large dip in the current year's profits. He believes that such a dip could cause a significant drop in the market price of BRU's stock and make the company a takeover target. To avoid this possibility, the company president calls in Ima Spartan CPA, controller, to discuss this period's year-end adjusting entries. He urges her to accrue every possible revenue and to defer as many expenses as possible. He says to Ima, "We need the revenues this year, and next year can easily absorb expenses deferred from this year. We can't let our stock price be hammered down." Ima didn't get around to recording the adjusting entries until January 17, but she dated the entries December 31 as if they were recorded then. Ima also made every effort to comply with the president's request Instructions 1. Answer the following questions, using proper APA formatting. Times New Roman 12 font with a maximum of two pages. Who are the stakeholders in this situation? What are the ethical considerations of (1) the president's request and t2} Ima dating the adjusting entries December 312 Can Ima accrue revenues and defer expenses, and still be ethical? Use the following format for your paper 2. 3 Facts: Summarize the facts and stakeholders of the case

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