Research an article in an accounting or business publication about a real-world situation where the company accounting was not done properly. The article should discuss the details, the effects on the financial statements, and on the stock price.

• Summarize the details of the article.
• Discuss what was not done properly and how the accounting should have been done. Relate this to text learning.
• Give the effects on the financial statements of the improper accounting and on the stock price.
• Give your opinion of the situation and if the article left out anything else you would like to know to better understand the importance of proper accounting according to GAAP.

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The answer provided below has been developed in a clear step by step manner This article explains why corporate accounting is not kept properly and ho... View the full answer