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Unformatted text preview: (Christmas and New Year) would definitely impact the look of the company and influence peoples opinion about investing in the company. This is the same way that many big-name company scandals have happened (or at least started), so allowing this to happen would endanger the company. So unless a potential raise is worth breaking the law and putting the company in danger, Id say to follow GAAP and record the expenses....
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This note was uploaded on 04/09/2008 for the course ACCT 042 taught by Professor Turlow during the Fall '07 term at Drake University .
- Fall '07
- Income Statement