Financial Accounting In an Economic Context by Pratt Jamie

Author:Pratt, Jamie [Pratt, Jamie]
Language: eng
Format: mobi
Publisher: Wiley Higher Ed
Published: 2009-12-01T16:00:00+00:00

b. Explain how discretionary restructuring charges help GE to implement that reporting strategy and why the company would want to pursue it.

c. The Wall Street Journal reported that “investors love restructurings” and that such charges seem to boost stock prices. Yet the FASB later cracked down on this popular corporate practice. Explain why investors might love restructurings, why stock prices seem to rise when they are announced, and why the FASB acted to limit such behavior.

REAL DATA

ID9–8

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