Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Version: 2012-10-12
Revision date: 21-Nov-2012
Length: 3 pages
Data source: Field research
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Abstract
A heavy equipment manufacturing firm is considering three different levels of investment in a professional services firm that performs consulting engineering work for industrial firms. To assess the impact of the different levels of investment, financial statements need to be prepared using generally accepted accounting principles (GAAP), for one year after the planned investment.
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Abstract
A heavy equipment manufacturing firm is considering three different levels of investment in a professional services firm that performs consulting engineering work for industrial firms. To assess the impact of the different levels of investment, financial statements need to be prepared using generally accepted accounting principles (GAAP), for one year after the planned investment.