MacGiver Brass is a brass plating firm with sales of $ 8 million and profits before taxes
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a. How should you evaluate MacGiver’s annual report in light of this footnote? In particular, how does this footnote affect your recommendation regarding the loan?
b. In preparing for your meeting with MacGiver’s president and chief financial officer, what questions do you want to ask regarding this footnote?
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Related Book For
Accounting for Decision Making and Control
ISBN: 978-0078025747
8th edition
Authors: Jerold Zimmerman
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