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[ Homework Help ] Open Question : Is putting off showing expenses unitl next year because doing so would allow them to take advantage of a new tax law wrong?

Janet Fox, president of Angel Co., went to a tax seminar. One of the speakers at the seminar advised the audience to put off showing expenses until next year because doing so would allow them to take advantage of a new tax law. When Janet returned to the office, she called in her accounting, Frieda O’Riley. She told Frieda to forget about making any adjustments for salaries ins the old year so more expenses could be shown in the new year. Frieda told her that putting off these expenses would not follow general accepted accounting procedures. Janet said she should do it anyway. You make the call. Post your specific recommendations to Frieda.

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