Explain the discrepancy between diamond foods


Explain the discrepancy between Diamond Foods, Inc.'s description of payments to walnut growers and what the farmers themselves say the payments are for. In this case, how does shifting the timing of cash payments help to shift the period in which costs are expensed by Diamond Foods, Inc.? In your answer, explain what item of cost is being paid for by Diamond.

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Accounting Basics: Explain the discrepancy between diamond foods
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