For this Discussion Board, you will be using the following ethical tema M.K. Gallant is president of Kranbrack Corporation, a company whose stock is traded on a national exchange. In a meeting with westment analysts at the beginning of the year, Gallantad predicted that the company's earnings would grow by 20% this year. Unfortunately, sales have been less than expected for the year, and Galant concluded within two weeks of the end of the fiscal year that would be impossible to ultimately report an increase in earnings as large as predicted unless some drastic action was taken. Accordingly, Gallant has ordered that wherever possible expenditures should be postponed to the new year-Including canceling or postponing orders with suppliers, delaying planned maintenance and training and cutting back on end-of year advertising and travel. Additionally, Gallant ordered the company's controller to carefully scrutinize Mil costs that we currently classified as period costs and recensify as many as possible as product costs. company is expected to have substantial inventories at the end of the year. Original Post Stance Read through the dilemma for the Original Post, you will explain why reclassifying period costs as products costs increase the period reporting earnings. You will alsorge in favor of a orders to postpone expenditures and reclassy costs. Ramember to use logic and the accounting principles that you have learned to develop your woment NOTE: You will not be able to see any of your assmates Original Posts prior to posting your Original Post This better res that all Original Posti are unique and adds a weater variety of responses for you to reply to on the Reply Post Reply Post Stance When it is time to complete the Reply Post you will need to read through your classmates arginal thoughts. Find on Original Post to reply to. For the Reply Post you will be arguing Gallant's orders to postpone expenditures and recessity costs. Remember that for the Reply Post you must not only are your cases to why the route you suggest is best, but you must produce counter arguments to the points made in the Original Post For this Discussion Board, you will be using the following ethical tema M.K. Gallant is president of Kranbrack Corporation, a company whose stock is traded on a national exchange. In a meeting with westment analysts at the beginning of the year, Gallantad predicted that the company's earnings would grow by 20% this year. Unfortunately, sales have been less than expected for the year, and Galant concluded within two weeks of the end of the fiscal year that would be impossible to ultimately report an increase in earnings as large as predicted unless some drastic action was taken. Accordingly, Gallant has ordered that wherever possible expenditures should be postponed to the new year-Including canceling or postponing orders with suppliers, delaying planned maintenance and training and cutting back on end-of year advertising and travel. Additionally, Gallant ordered the company's controller to carefully scrutinize Mil costs that we currently classified as period costs and recensify as many as possible as product costs. company is expected to have substantial inventories at the end of the year. Original Post Stance Read through the dilemma for the Original Post, you will explain why reclassifying period costs as products costs increase the period reporting earnings. You will alsorge in favor of a orders to postpone expenditures and reclassy costs. Ramember to use logic and the accounting principles that you have learned to develop your woment NOTE: You will not be able to see any of your assmates Original Posts prior to posting your Original Post This better res that all Original Posti are unique and adds a weater variety of responses for you to reply to on the Reply Post Reply Post Stance When it is time to complete the Reply Post you will need to read through your classmates arginal thoughts. Find on Original Post to reply to. For the Reply Post you will be arguing Gallant's orders to postpone expenditures and recessity costs. Remember that for the Reply Post you must not only are your cases to why the route you suggest is best, but you must produce counter arguments to the points made in the Original Post