Visit the SEC’s website (www.sec.gov), and identify a company that has been recently cited for problems related to property, plant, and equipment or lease accounting (e.g., in years past, many retail companies had to restate earnings to comply with the SEC’s clarification of lease accounting).

Required:

Prepare a memo summarizing the property, plant, and equipment issues for the company.

Answer rating: 100% (QA)

Memo Deficiencies in Accounting for Assets WCom World Com was involved in one of the la... View the full answer