Refer to Groupon’s 2018 10-K filings answer blew q

1.What future events will cause ‘s future earnings to be lower (higher) because current earnings are potentially overstated (understated)?

2.Identify line items creating the accounting distortion in Groupon’s financial statements (Balance Sheets or Income Statements) and adjust accounting distortions. Estimate the income (loss) from operations that Groupon would have reported for 2018 after the adjustment of accounting distortions. (The number of line items creating the accounting distortion can be more than one.)

3.Groupon’s cash and cash equivalents in 2013 is $1,240,472. Provide possible reasons for holding large amount of cash and modify operating assets, operating accruals, current operating accruals and non-current operating accruals as appropriate

4.Evaluate Groupon’s Economies of Scale and Operating Risks. You may refer to relevant ratios and financial statement line items using time-series and comparative analysis.