User Account

All Pages

Going-concern alert at a company such as general motors?

Assignment Help Business Management
Reference no: EM13866055

The audit report on General Motors for 2008 issued by Deloitte & Touch included the following statement: The Corporation recurring losses from operations, stockholders deficit, and inability to generate sufficient cash flow to meet its obligations and sustain its operations raise substantial doubt about its ability to continue as a going concern. Are you surprised to learn of this going-concern alert at a company such as General Motors? What signs might the auditors look for prior to issuing their report on the 2009 financial statements that help them reevaluate the going-concern assessment?

Reference no: EM13866055

Questions Cloud

Health management information systems and the minuteclinic : Health Management Information Systems (HMIS) and the MinuteClinic
Deduct the full amount of the loss : Richard owns and manages an apartment building. This is Richard’s only passive activity. The building generated a loss of $31,000 for the current year. Before deduction of the loss, Richard’s AGI was $85,000. Can Richard deduct the entire loss in the..
Theory of bureaucratic behavior : Discuss how banks make money, and are structured in respect to Asset, Liability and Capital Management - give examples.
Should the company should sell or not sell vicious dictator : You suspect that the company is a front for the government and may modify the drones as weapons so that they can be used to target freedom fighters and terrorize civilians throughout the country. Should the company should sell or not sell the vici..
Going-concern alert at a company such as general motors? : Are you surprised to learn of this going-concern alert at a company such as General Motors? What signs might the auditors look for prior to issuing their report on the 2009 financial statements that help them reevaluate the going-concern assessment?
Write persuasive message to manager : During the recent economic downturn, Omni Hotels looked for ways to slice expenses. Omni operates 43 luxury hotels and resorts in leading business gateways and leisure destinations across North America. From exceptional golf and spa retreats to dynam..
Create a human resources department for the organization : create a Human Resources Department for the organization
Accounting strategies to avoid paying income tax : One board member quoted what the CEO of Exxon once said: "I'm not a U.S. company and I don't make decisions based on what's good for the U.S." Should the company should continue or discontinue using accounting strategies to avoid paying income tax
Apply for a scholarship or grant : As a student, you will need letters of recommendation to find a job, to apply for a scholarship or grant, or to enter graduate school. Naturally, you will consider asking one or several of your college instructors. You talk to a senior you know to fi..

Reviews

Write a Review

Business Management Questions & Answers

  What role did the international monetary fund have

What role did the International Monetary Fund have in supplementary nations during the recent financial crisis? Please deliver a reference in APA format

  Show benefits of using cvp analysis

Provide two examples of activities on how an entrepreneur starting a business may benefit by applying CVP Analysis, make sure to perform a what-if analysis in your situation

  Integrating in a case analysis

the big picture and having an organization wide perspective. In addition, changes made in one part of the organization may affect other parts.

  Moral concerns of subprime lending

Are there moral concerns associated with subprime lending? Are those moral concerns based on utilitarianism, rights, or justice considerations?

  Why employees looked for positions in other companies

The number of qualified people applying for jobs at Shell plummeted, and many employees looked for positions in other companies

  What is the difference among a performance-based

What is the difference among a performance-based standard and a technology based standard?

  These are multiple choice questions

These are multiple choice questions 1. Identify the drawback of utilitarianism -It gives less importance to the consequences of actions.

  Multiple regression with dummy variables

Explain a business situation that would require multiple regression with dummy variables.

  Explain a situation that would call for a more task

Explain a situation that would call for a more task oriented leader and In what situations would a more employee oriented leader be more successful?

  Show visualization technique applied to business management

Use the technique of visualization in sports seems natural, but how might this technique be used in a business setting among employees and/or supervisors?

  Google case what are the lessons haggard from doing business

What are the lessons haggard from doing business in China from Google case study? In what habits politics, culture as well as law manifest in the battle between Google and the censorship policy of the Chinese government?

  Ethics in drugs-animals and sustainability

Prescription drug companies advertise on radio and television. Do you think that it is ethical for drug companies to advertise directly to consumers?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd