An Unbiased View of HBS Case Study Analysis
An Unbiased View of HBS Case Study Analysis
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On the other hand, its downfall in 2001 exposed popular accounting fraud and led to the individual bankruptcy of the get redirected here corporation, leaving thousands of workforce jobless and wiping out billions of bucks in shareholder value.
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Mark-to-current market accounting authorized the company to write unrealized long run gains from some trading contracts into existing earnings statements, thus providing the illusion of larger recent earnings.
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