FORUM DESCRIPTION For this Discussion Board, you will be using the following ethical dilemmar M. K. Gallant is president of Kranbirade Corporation, company whose stock is traded on a national exchange tha meeting with investment analysts at the beginning of the year. Galant had predicted that the company's earnings would grow by 20% this year. Unfortunately, sales have been less than expected for the year, and Gallant concluded within two weeks of the end of the fiel year that it would be impossible to ultimately report an increase in earnings as large as predicted unless some drastication 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, Goltant ordered the companys controller to carefully scrutinize all costs that are currently classified as period costs and recally as transpon product the 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 are products costs increase the periods reporting earnings. You will also arquetin tower of an order to postpone expenditures and recessify costs. Remember to use log and the accounting principles that you learned to develop your argument NOTE You will not be able to see my of your dassmates Original Posts" prior to posting your Original Post Tibetterentures that all Original Posts are ne andandrea variety of responses for you to reply to on the Reply Post FORUM DESCRIPTION For this Discussion Board, you will be using the following ethical dilemmar M. K. Gallant is president of Kranbirade Corporation, company whose stock is traded on a national exchange tha meeting with investment analysts at the beginning of the year. Galant had predicted that the company's earnings would grow by 20% this year. Unfortunately, sales have been less than expected for the year, and Gallant concluded within two weeks of the end of the fiel year that it would be impossible to ultimately report an increase in earnings as large as predicted unless some drastication 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, Goltant ordered the companys controller to carefully scrutinize all costs that are currently classified as period costs and recally as transpon product the 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 are products costs increase the periods reporting earnings. You will also arquetin tower of an order to postpone expenditures and recessify costs. Remember to use log and the accounting principles that you learned to develop your argument NOTE You will not be able to see my of your dassmates Original Posts" prior to posting your Original Post Tibetterentures that all Original Posts are ne andandrea variety of responses for you to reply to on the Reply Post