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CHAPTER 6 Cases Solution to Judgment Case 1: Balance Sheet Management 1. If management makes the most conservative choices then assets and liabilities will be
CHAPTER 6
Cases
Solution to Judgment Case 1: Balance Sheet Management
1. If management makes the most conservative choices then assets and liabilities will be impacted as follows:
Adjustment | Impact on Total Assets | Impact on Total Liabilities | Current or Non-Current? |
1. Bad Debt Expense | |||
2. Inventory Write Down | |||
3. Impairment of PPE | |||
4. Impairment of Noncurrent Investments | |||
5. Contingency -Current | |||
6. Valuation Allowance | |||
7. Revenue Recognition | |||
Total Dollar Impact | |||
As Originally Reported | $177,100 | $111,100 | |
Percentage Change |
|
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