Although Northstar Resources has an amazing track record of acting responsibly in their operations. Northstars project is important for Alaskas economy and for North Americans energy security. Located on Alaskas North Slope, Red Dog is one of the companys most recent exploration projects. estimated to produce about 180,000 barrels of oil per day at its peak. During construction, Red Dog is expected to create as many as 2,000 jobs, with a majority of labour provided by union workers along with 300 permanent jobs.

Discuss the financial reporting issues (recognize or do not recognize) and provide recommendation(s) on how to handle each situation. As you write, keep your audience in mind.