This is a graded discussion: 10 points possible due Feb 19 Chapter 3 Discussion El 11 It is now the end of the month and time for company ABC to prepare financial statements. The utility bill for the month has not yet been received. The company accountant suggests to the plant manager that an estimate of utility usage is needed to properly prepare an income statement for the month. The plant manager says to "not worry about it. It's not our fault that we haven't received the bill yet and besides our income statement will look more favorable without the utility expense." Comment on this conversation. Who is right and how should the accountant handle the situation? Which accounting principle influenced your decision? Search entries or author Unread Reply Replies are only visible to those who have posted at least one reply