istory Bookmarks Profiles Tab Window Help 79 0 A Sun Oct 20 9 34 PM Untitled document Goo X M Inbox 4 miriamfuchsor X Home Google Drive Payroll taxes Chapter 4 re com courses 52709 discussion topics 832934 G 81 Finish update CHASE Ally Bank citi Citibank Online myAT T Login P des Advisor Client A Aspire Servicing C CJ All Bookmarks Discussions Extra Credit 2 6 Replies 6 Unread C Extra Credit 2 A On January 20 2021 Tamara Nelson the accountant for Picton Enterprises is feeling pressure to complete the annual financial statements The company president has said he needs up to date financial statements to share with the bank on January 21at a dinner meeting that has been called to discuss Picton s obtaining loan financing for a special building project Tamara knows that she will not be able to gather all the needed information in the next 24 hours to prepare the entire set of adjusting entries that must be posted before the financial statements accurately portray the company s performance and financial position for the fiscal period ended December 31 2020 Tamara ultimately decides to estimate several accruals at the last minute When deciding on estimates for the expenses she uses low estimates because she does not want to make the financial statements look worse than they are Tamara finishes the financial statements before the deadline and gives them to the president without mentioning that several account balances are estimates that she provided Canvas Support If you were in Tamara s situation what would you have done Provide your justification Possible Points 5 Reply 2 5888 3 4 5 E OCT 20 MacBook Pro Y U R F T G C V 6 B 8 J 9 K delet L P N M eption