Case Study i need 2 answer for it (2pages answer in total is fine) I need two different answer , so total is 4 page Case study 1: Need one and half page a

Click here to Order a Custom answer to this Question from our writers. It’s fast and plagiarism-free.

  i need 2 answer for it 

(2pages answer in total is fine) I need two different answer , so total is 4 page

Case study 1: Need one and half page answer for this Case Study (next page is the textbook chapter which related to this case study)

Gallant is president of Kranbrack Corporation, a company whose stock is traded on a national exchange. In a meeting with investment analysts at the beginning of the year, Gallant had predicted that the company’s earnings would grow by 20% this year. Unfortunately, sales have been less than expected for the year, and Gallant concluded within two weeks of the end of the fiscal year that it would be impossible to report an increase in earnings as large as predicted unless some drastic action was taken. Accordingly, Gallant has ordered that wherever possible, expenditures should be postponed to the new year—including canceling or postponing orders with suppliers, delaying planned maintenance and training, and cutting back on end-of-year advertising and travel. Additionally, Gallant ordered the company’s controller to carefully scrutinize all costs that are currently classified as period costs and reclassify as many as possible as product costs. The company is expected to have substantial inventories at the end of the year.


1. Why would reclassifying period costs as product costs increase this period’s reported earnings?

2. Do you believe Gallant’s actions are ethical? Why or why not?

3. What alternative approach could Gallant take to address the less than stellar performance that would also satisfy shareholders?

Textbook chapters:

文本 低可信度描述已自动生成

文本 描述已自动生成

图片包含 文本 描述已自动生成 图示 描述已自动生成

Place your order now for a similar assignment and have exceptional work written by one of our experts, guaranteeing you an A result.

Need an Essay Written?

This sample is available to anyone. If you want a unique paper order it from one of our professional writers.

Get help with your academic paper right away

Quality & Timely Delivery

Free Editing & Plagiarism Check

Security, Privacy & Confidentiality