One MBA student was overheard saying to another, Accounting is baloney. I worked for a genetic engineering
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One MBA student was overheard saying to another, “Accounting is baloney. I worked for a genetic engineering company and we never looked at the accounting numbers and our stock price was always growing.”
“I agree,” said the other. “I worked in a rust bucket company that managed everything by the numbers and we never improved our stock price very much.” Evaluate these comments.
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Together the two observations highlight the extremes in the tradeoffs ...View the full answer
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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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