One of the five techniques of accounting hocus-pocus identified by former SEC Chairman Arthur Levitt in his

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One of the five techniques of accounting hocus-pocus identified by former SEC Chairman Arthur Levitt in his famous 1998 speech is the big-bath restructuring charge. Write a 1-page paper identifying the benefits, both from an economic and a financial reporting perspective, that a company might reap through recognizing a big-bath restructuring charge.

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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