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Take the time to familiarize yourself with the SEC investigation into Under Armor, then consider the following questions: 1. What exactly happened? Do you believe

Take the time to familiarize yourself with the SEC investigation into Under Armor, then consider the following questions:

1. What exactly happened? Do you believe this was a valid investigation?

2. Revenue recognition is considered to be a typically method of accounting abuse. Why and How?

3. Under Armor is an apparel company. How is dealing with revenue recognition different for a virtual/online company? Are there any effects that show up on the financial statements? If so what are the impacts?

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