OM DESOTO Al chapter dcussions are posts first transions. That means you mate created thread to type your report onder Assume that you are the managerial accountant atostore amardacturer of hard res. CDs and DVDs, reporting year and is December 31 The chief financial officer is concerned about having enough cash to pay the specie income tax bill be poor chow management on November 15, the purchasing department purchased excess invertory of Draw material action of the rapid growth of this produd beginning in January. To decrease the company's taxability, the therandal officer teils you to record the purchase of entory as part of supplies and expense in the current year, this would decrease the company's ability by roeningeperses Required thwhich account should the purchase of become 2. How told you toond to this out by the chief francia lice? Your post wa bended to med FORUM DESOTON Al chapter discussions are post for disconsins Datens you made and pod Create a thread to be your response, care dore your tout tuto rohodata ardo Assume that you are the managerial accountant at Indostore a manufacturer of hard drives. CDs and DVDs is reporting year-end is December 31, The chief financial officer is concerned about having enough cash to pay the expected income tax bill because of poor cash flow management on November 15, the purchasing department purchased excess inventory of CD raw materials in anticipation of the rapid growth of this produa beginning in January. To decrease the company's tax liability, the chief financial officer tells you to record the purchase of this invertory as part of supplies and expense it in the current year, this would decrease the company's tax liability by increasing expenses Required in which account should the purchase of CO raw materials be recorded? 2. How should you respond to this request by the chied financial offer? Your post will be graded as follows