Did GE violate the rules for revenue recognition (pre-2016-change) on the sale of its locomotives? Explain.

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Did GE violate the rules for revenue recognition (pre-2016-change) on the "sale" of its locomotives? Explain.

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In the case of the locomotives the SEC found that in the fourth quarters of 2002 and 2003 GE had improperly recorded revenue of 223 million and 158 mi...View the full answer

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Rustia Melrod

I am a retired teacher with 6 years of experience teaching various science subjects to high school students and undergraduate students. This background enables me to be able to help tutor students who are struggling with the science of business component of their education. Teaching difficult subjects has definitely taught me patience. There is no greater joy for me than to patiently guide a student to the correct answer. When a student has that "aha!" moment, all my efforts are worth it. The Common Core standards are a useful yardstick for measuring how well students are doing. My students consistently met or exceeded the Common Core standards for science. I believe in working with each student's individual learning styles to help them understand the material. If students were struggling with a concept, I would figure out a different way to teach or apply that concept. I was voted Teacher of the Year six times in my career. I also won an award for Innovative Teaching Style at the 2011 National Teaching Conference.

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