Maya is the CEO of Gadget Corporation, a publicly-traded company. She was informed by the...
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Accounting
Maya is the CEO of Gadget Corporation, a publicly-traded company. She was informed by the CFO that the company's earnings were down 40 percent from the prior year due to the recession. The company's stock price has declined by 30 percent. The CFO comes up with a scheme to hide debt and inflate revenues by selling underperforming assets to a special purpose entity affiliated with the company. Maya is concerned about possible effects on the creditors, but ultimately, she agrees to the accounting. Maya is reasoning at:
stage 1. stage 2. stage 3. stage 4.
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You can see the logs in the Dashboard.