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"The company's officers and board of directors, including Chairman Kenneth Lay, CEOJeffrey Skilling and CFO Andy Fastow, were selling their Enron stock at higher pricesdue to false accounting reports that made the stock seem more valuable than it truly was. After the scandal was uncovered, thousands of stockholders lost millions of dollars asEnron share values plummeted."Discus what you perceive from this scenario also explain the pros and corns of it in detail.
1. what additional information besides simply the variance may be useful to the accountant in evaluating the variance?
The performance of personal and business investments is measured as a percentage, return on investment. What type of variable is return on investment?
power brite painting company specializes in refurbishing exterior painted surfaces that have been hard hit by humidity
Mary Tudor decides to use insider information to sell stock. She justifies this decision by saying that if she did not do this, she will lose money and have to cut down on her staff which will hurt her employees. This defense best illustrates.A. prof..
oslo company prepared the following contribution format income statement based on a sales volume of 1000 units the
an auditor was appointed to the audit of bid inc. bid subsequent to bids year-end date. bid is in the business of
Assume that an entity treated sales tax, shipping charges, and installation costs on acquired equipment as an expense rather than as part of the cost of the asset. Would the firm overstate or understate its income statement and balance sheet by ac..
cougar carpet manufactures broadloom carpet in seven processes spinning dyeing playing spooling tufting latexing and
abernathy corporation used the following data to evaluatetheir current operating system. the company sells items for
Assume that you are the controller of a small, growing sporting-goods company. The prospects for your firm in the future are quite good, but like many other firms, it has been experiencing some cash-flow difficulties because all available funds ha..
The 2011 annual reports of Pearson plc and The McGraw Hill Companies, Inc., two publishing and information services companies included the following selected data as at December 31, 2011, and 2010:
williams companys direct labor cost is 30 percent of its conversion cost. if the manufacturing overhead for the last
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