All questions must be answered in a Word Document with the chapter number, question number and letter followed by the answer for full credit (bullets may be used to summarize your answers) Text Book Chapter 13 1. What is the legal definition of a Reorganization and why does it take place? 2. How does GAAP treat the accounting and reporting of a reorganization? 3. E arning Management A. Briefly describe the concept of Earning Management. Include the concepts of 'smoothing, 'big bath, cookie jar reserves accruals management' and 'real activities manipulation, B. Why and how might companies in a reorganization use Earnings Management? Text Book Chapter 14 1. What is the definition of a Partnership and how does it differ from a corporation from a legal structure perspective? 2. What are the major differences between financial reporting for a corporation and financial reporting for a partnership? 3. Describe some of the unique needs of users of partnership financial statements that influence the format used in partnership financial statements