Refer to Groupon's 2018 10-K filings answer the below questions<\/p>
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Groupon's 2018 10-K filings: https:\/\/s22.q4cdn.com\/731250486\/files\/doc_financials\/annual\/2018-Annual-Report-(1).pdf<\/p>
<\/p>
1.What future events will cause 's future earnings to be lower (higher) because current earnings are potentially overstated (understated)?<\/p>
<\/p>
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.)<\/p>
<\/p>
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.<\/p>", "transcribed_text": "", "related_book": { "title": "Income Tax Fundamentals 2013", "isbn": "1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516", "edition": "31st Edition", "authors": "Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1124.jpg", "uri": "\/textbooks\/income-tax-fundamentals-2013-31st-edition-9781285586618", "see_more_uri": "" }, "free_related_book": { "isbn": "B0CNBC3KQC", "uri": "\/textbooks\/michigan-mpje-pharmacy-law-exam-2023-2024-study-guide-and-practice-exam-for-pharmacy-law-1st-edition-979-8867070342-263420", "name": "Michigan Mpje Pharmacy Law Exam 2023 2024 Study Guide And Practice Exam For Pharmacy Law", "edition": "1st Edition" }, "question_posted": "2024-06-28 04:38:10", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/what-is-a-management-letter", "description": "What is a management letter?", "stars": 3 }, { "url": "\/study-help\/psychology-2e\/contrast-the-philosophy-of-becoming-as-advanced-by-heraclitus-with-1985070", "description": "Contrast the philosophy of becoming as advanced by Heraclitus with the philosophy of being as advanced by Parmenides.", "stars": 3 }, { "url": "\/referring-to-the-contingency-table-in-problem-48-if-an", "description": "Referring to the contingency table in Problem 4.8, if an employed adult is selected at random, what is the probability that a. 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