PLEASE HELP ME WITH ALL 3 QUESTIONS!!

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DISCUSSION BOARD ASSIGNMENT Arriving at work on January 20, the accountant for Muddy Paws Inc. is feeling pressure to finalize the adjustments to accounting records for the past calendar year so that year end financial statements can be prepared. The CEO of the company sends an email saying that he is meeting with the bank the next day to ask for a loan on an expansion project for 3 new stores. He needs the financial statements for that 2 pm meeting. Instead of another week to get the work done, now there is just one day! The accountant decides that the adjustments to the expenses will just have to be estimated so that the financial statements can be sent to the CEO. It is determined that the estimates should be on the low side, as to not jeopardize the expansion. The financial statements are emailed to the CEO late that day, with no mention that expenses were estimated to get them done. 1. Identify at least two other courses of action that the accountant could have taken in this case. 2. What are the pros and cons of these courses of action (including the one taken in the scenario)? Be sure to think about everyone impacted - company insiders, the bank, shareholders, the communities in which the business operates, etc. 3. If you were the accountant in this situation (yes the pressure to finish is real!) what would you do? Why