13.8 Trans Trust Corp. has changed how it accounts for inventory. The change does not change tax,...
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13.8 Trans Trust Corp. has changed how it accounts for inventory. The change does not change tax, but the resulting earnings report released this quarter is 20 percent higher than what it would have been under the old accounting system. There is no other surprise in this earnings report. Will the stock price be higher when the market learns that the earnings are higher?
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Corporate Finance
ISBN: 9780071229036
6th International Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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