You, CPA, are the assistant controller at Conglomerate Inc. (CI), a public corporation. The controller, Louise Desmarais, calls you into her office to present an assignment to you. Louise tells you the following. "As you know, we just acquired all the shares of Hometown Telecom (HT) last month (Appendix I). I just left the HT board of directors meeting. At the meeting, HT's management put forth a proposal for new performance measures (Appendix II) and a plan to spend $1.6 million on a new integrated management information system (IT system; see Appendix III) with the goal of increasing revenues. The board's discussions centred on four main issues