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Your client, General Television, Inc. manufactures televisions and during the current year acquired Micro Engineering, Inc., which manufactured flat panel plasma screens for computers so
Your client, General Television, Inc. manufactures televisions and during the current year acquired Micro Engineering, Inc., which manufactured flat panel plasma screens for computers so that it could compete in the market for flat panel televisions. Following is a list of several risks that have been identified in the audit of this television manufacturer. QUESTION: Prices have been changing rapidly in General Television's marketplace. Although the marketplace is relatively stable for traditional televisions, the prices on flat panel televisions have become much more competitive
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