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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381 Exercise 58
Ethics.raud, and Corporate Governance
You are the assistant controller for a public company.all Street stock analysts are projecting an earnings per share figure of $0.25 for your company.n December 29, a large customer returns a vcry large shipment of your goods that were defective.ou tell the controller about thecustomer return and that the debit to sales returns and allowances will havetheeffect of reducing earnings per share from$0.25 to $0.24.he controller indicates that failing to meet the consensus earnings expectations of the analyst community will result in a large stock price decline.he contro cr suggests waiting until January 2 (your company operateson a calendar year-end basis) to record the customer return.hat should you do
You are the assistant controller for a public company.all Street stock analysts are projecting an earnings per share figure of $0.25 for your company.n December 29, a large customer returns a vcry large shipment of your goods that were defective.ou tell the controller about thecustomer return and that the debit to sales returns and allowances will havetheeffect of reducing earnings per share from$0.25 to $0.24.he controller indicates that failing to meet the consensus earnings expectations of the analyst community will result in a large stock price decline.he contro cr suggests waiting until January 2 (your company operateson a calendar year-end basis) to record the customer return.hat should you do
Explanation
Verified
Verified
The customer return was received before ...
Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
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