Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

Exercise 59

Prepare a two-column analysis that illustrates steps management might take to improve the appearance of its company's financial statements. In the left column, briefly identify three steps that might be taken. In the right column, briefly describe for each step the impact on the balance sheet, income statement, and statement of cash flows. If there is no impact on one or more of these financial statements, indicate that.