Stephen has asked you , an experienced financial accountant and business adviser , to prepare a report that identifies and evaluates financial reporting choices that Rob has made that may have resulted in a biased measure of WALT's 201 1 financial success . Specifically , For each accounting* judgment or method that Rob has applied that might not fairly measure WAG's 201 1 net income . you should ('I's describe the choice . (21 evaluate whether it is allowed under U.S. GAAP . (31 use WAG's specific information to explain how it leads to an unfair measure of WAG's 2011 nett income , and 14 ) propose an alternative choice that is in accordance with U.S. GAAP and would vicld a fairer measure of net income . Stephen would like you to focus on accounting choices rather* Than business decisions . given his primary focus on the faimess of WAG's 201 1 net income . He indicated that he would consult with you about business decisions after his purchase of WAG , but for now he wants you to focus on providing the accounting advice he currently needs