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"Let's get real," says your jaded colleague Jade, "our accruals for payroll taxes are such...

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Accounting

"Let's get real," says your jaded colleague Jade, "our accruals for payroll taxes are such a small part of our overall expenses that our financial statements will be reasonable even if we ignore those taxes completely." This comment was part of a longer conversation in which Jade was making the case for skipping some of the year-end accruals for payroll taxes, warranties, and coupons. How should you respond to this proposal?
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