My writer delivered an awesome dissertation on the Creek War, I definitely didn’t have the time to do all the research she did on my own.
VaporWare II,Inc.(VWIII),had spectacularly good financial results in 1999.However, in 2000, the millenium bug, other defects, and general customer dissatisfaction resulted in returns of $3 million.These products had originally been expensed for $1 million. It cost $5 million to satisfy VWIII’s irate customers.VWIII chose not to report any returns in 2000, while showing the $5 million as sales revenue in 2000. Required a. Show how the $3 million of returns should have been recorded. b. If the defects had been properly anticipated, what impact would this have had on VWIII’s 1999 income statement? c. Show how the 1999 balance sheet would have changed if the returns had been recorded correctly.Why might VWIII’s management be unhappy with these results? d. Discuss how the 2000 financial statements will be affected by VWIII’s treatment of these returns. e. Discuss the ethical problems inherent in this situation, for the company, for its financial managers, and for its auditors.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more