In January, the accountant for a corporation, is feeling pressure to complete the annual financial statements. The company president has said he needs up to date financial statement to share with the bank the next day at a meeting that has been called to discuss the corporation obtaining loan financing for a special building project. The accountant knows that she will not be able to gather all the needed information in the next 24 hours to prepare the entire set of adjusting entries. Those entries must be posted before the financial statements accurately portray the company's performance and financial position for the fiscal period ended Dec. 31, of the previous year. The accountant decides to estimate several expense accruals at the last minute. When deciding on estimates for the expenses, low estimates were used because the accountant does not want to make the financial statements look worse than they are. The financial statements are finished before the deadline and the accountant gives them to the president without mentioning that several account balances are estimates that she provided. Required: Identify several courses of action that the accountant could have taken instead of the one she took