For this discussion board, you will be using the Ethical Dilemma Section on p. 301 of your textbook. Read through the scenario presented there. For the Original Post*, you will be arguing in favor of Tony Smith's proposal to include the January sales on this year's report. Remember to use logic and the accounting principles you have learned thus far to develop your argument. You must include at least three points as to why this route is the best route to go (with one of those points being related to the learned accounting principles).

Ethical Dilemma The Precision Parts Corporation manufactures automobile parts. The company has reported a profit every year Page 301 since the company's inception in 1980. Management prides itself on this accomplishment and believes one important contributing factor is the company's incentive plan that rewards top management a bonus equal to a percentage of operating income if the operating income goal for the year is achieved. However, 2021 has been a tough year, and prospects for attaining the income goal for the year are bleak. Tony Smith, the company's chief financial officer, has determined a way to increase December sales by an amount sufficient to boost operating income over the goal for the year and secure bonuses for all top management. A reputable customer ordered $120,000 of normally stocked parts to be shipped on January 5, 2022. Tony told the rest of top management I know we can get that order ready by December 31. We can then just leave the order on the loading dock until shipment. I see nothing wrong with recognizing the sale in 2021, since the parts will have been manufactured and we do have a firm order from a reputable customer. The company's normal procedure is to ship goods f.o.b. destination and to recognize sales revenue when the customer receives the parts. Ethical Dilemma The Precision Parts Corporation manufactures automobile parts. The company has reported a profit every year Page 301 since the company's inception in 1980. Management prides itself on this accomplishment and believes one important contributing factor is the company's incentive plan that rewards top management a bonus equal to a percentage of operating income if the operating income goal for the year is achieved. However, 2021 has been a tough year, and prospects for attaining the income goal for the year are bleak. Tony Smith, the company's chief financial officer, has determined a way to increase December sales by an amount sufficient to boost operating income over the goal for the year and secure bonuses for all top management. A reputable customer ordered $120,000 of normally stocked parts to be shipped on January 5, 2022. Tony told the rest of top management I know we can get that order ready by December 31. We can then just leave the order on the loading dock until shipment. I see nothing wrong with recognizing the sale in 2021, since the parts will have been manufactured and we do have a firm order from a reputable customer. The company's normal procedure is to ship goods f.o.b. destination and to recognize sales revenue when the customer receives the parts