Write an abstract for a presentation slide it should include a concise and clear thesis statement. Here is an opportunit

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Write an abstract for a presentation slide it should
include a concise and clear thesis statement.
Here is an opportunity to connect your current learning about
revenues, expenses and adjusting entries with the profession’s
commitment to ethics.
Russell Company is a pesticide manufacturer. Its sales declined
greatly this year due to the passage of legislation outlawing the
sale of several of Russell’s chemical pesticides. In the coming
year, Russell will have environmentally safe and competitive
chemicals to replace these discontinued products. Sales in the next
year are expected to greatly exceed those from any prior years. The
decline in sales and profits appears to be a one-year aberration.
But even so, the company president fears a large dip in the current
year’s profits. He believes that such a dip could cause a
significant drop in the market price of Russell’s stock and make
the company a takeover target.
To avoid this possibility, the company president calls in Zoe
Baas, controller, to discuss this period’s year-end adjusting
entries. He urges her to accrue every possible revenue and to defer
as many expenses as possible. He says to Zoe, “We need the revenues
this year, and next year can easily absorb expenses deferred from
this year. We can’t let our stock price be hammered down!” Zoe
didn’t get around to recording the adjusting entries until January
17, but she dated the entries December 31 as if they were recorded
then. Zoe also made every effort to comply with the president’s
request.