Question
Please help me with this! Thank you so much! You are the accountant at a business with 100 employees. Because of COVID, the company has
Please help me with this! Thank you so much!
You are the accountant at a business with 100 employees. Because of COVID, the company has been under a lot of pressure recently, and everyone knows that it's important for the future of the business that the annual report financial statements show a healthy financial performance. The CEO approaches you and tells you that you should leave a large outgoing bill off this year's report and include it next year. The report goes out 10 days before the end of the quarter, so it's only moving the bill back by a couple of weeks. The CEO informs you that a poor financial outlook could threaten jobs at the company, including your own. Which accounting principles, if any, does this violate? What should you do?
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