General Electric likes to manipulate earnings by buying companies and incorporating the acquired earnings into it's...

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General Electric likes to manipulate earnings by buying companies and incorporating the acquired earnings into it's financial results. Half way through the fourth quarter it realizes it needs to acquire Delta Corporation which earned the following EPS in the first 3 quarters: Quarter 1: .55 eps Quarter 2: .45 eps Quarter 3: .10 eps Delta Corporation is expected to earn .22 during the fourth quarter. If the acquisition takes place 1/2 way during the fourth quarter of 2021, the GE includes all $1.22 in EPS for quarter in it's consolidated figures True False General Electric likes to manipulate earnings by buying companies and incorporating the acquired earnings into it's financial results. Half way through the fourth quarter it realizes it needs to acquire Delta Corporation which earned the following EPS in the first 3 quarters: Quarter 1: .55 eps Quarter 2: .45 eps Quarter 3: .10 eps Delta Corporation is expected to earn .22 during the fourth quarter. If the acquisition takes place 1/2 way during the fourth quarter of 2021, the GE includes all $1.22 in EPS for quarter in it's consolidated figures True False

Answer rating: 100% (QA)

Answer Earnings manipulation is defined as an instance in which a companys managers violate ge... View the full answer