Ethies Case Ethics RWP$2-8$ Suppose a company iecurred $$1$ million in expenves related to the restructuring of its buainess. These expenses related to store closings and severance pay for iernainated employees. Because the chargen. The CFO esplains $"$if we take the extra charges this year, then we dont have to repoet those clatges in futuet years." Required: $1.$ Understand the exporting effect: If the chief accountant follows the CFO's request, how will net income be affected in the current year? How will it be affected in future years? $2.$ Specify the options: If the chief accountant does bot follow the CFO's request, bow is the balance of retained earnings affected in the curreat year? $3.$ Idemify the impact: Are imeston and erediton poientialty harmed by tse CFO' suression? $4.$ Make a decision Should the chief ascountant follow the advice of the Cro?