Question: 1 . What would be the impact on the company s financial statement if PolyMedica had expensed the costs as incurred in 2 0 0

1.What would be the impact on the companys financial statement if PolyMedica had expensed the costs as incurred in 2003 and 2002? Calculate key balances that highlight any major differences
2.As a CEO of PolyMedica, how might you respond to this direct-response advertising accounting issue raised by the SEC and short sellers?

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