Question
Conduct a forensic examination of HealthSouth Corporation's financial statements. The following data is available: Revenue: $15,000,000 Expenses: $12,000,000 Cash Flow from Operating Activities: $2,000,000 Earnings
Conduct a forensic examination of HealthSouth Corporation's financial statements. The following data is available:
- Revenue: $15,000,000
- Expenses: $12,000,000
- Cash Flow from Operating Activities: $2,000,000
- Earnings Before Interest and Taxes (EBIT): $5,000,000
- Tax Expense: $1,000,000
Identify any signs of financial statement manipulation or irregularities.
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
16th Edition
324376375, 0324375743I, 978-0324376371, 9780324375749, 978-0324312140
