The July 28, 2007, issue of the Wall Street Journal includes an article by Kathryn Kranhold entitled
Question:
Instructions
Read the article and answer the following questions.
(a) What improper activity did the employees at GE engage in?
(b) Why might the employees have engaged in this activity?
(c) What were the implications for the employees who engaged in this activity?
(d) What does it mean to “restate” financial results? Why didn’t GE restate its results to correct for the improperly reported locomotive sales?
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a Employees in the rail unit accelerated revenue in each of the fourth quarters from 2000 to 2003 Th...View the full answer
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Related Book For 
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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