Product details

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Abstract

The president and controller of Western Chemical Corp are discussing the best way to measure and report performance of foreign subsidiaries. One subsidiary is a joint venture with its own borrowing capacity; another is wholly-owned; and a third is wholly-owned and serves as a sales base for regional sales. Applying generally accepted accounting principles gives income measurements that seem to conflict with true success of the operations.
Location:
Size:
USD1.345 billion revenues, 4,900 employees
Other setting(s):
1995

About

Abstract

The president and controller of Western Chemical Corp are discussing the best way to measure and report performance of foreign subsidiaries. One subsidiary is a joint venture with its own borrowing capacity; another is wholly-owned; and a third is wholly-owned and serves as a sales base for regional sales. Applying generally accepted accounting principles gives income measurements that seem to conflict with true success of the operations.

Settings

Location:
Size:
USD1.345 billion revenues, 4,900 employees
Other setting(s):
1995

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