1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
julia-pushkina [17]
3 years ago
5

On March 4, 2009, the SEC reached an agreement with Krispy Kreme Doughnuts, Inc., and issued a cease-and-desist order to settle

charges that the company fraudulently inflated or otherwise misrepresented its earnings for the fourth quarter of its FY 2003, and each quarter of FY 2004. By its improper accounting, Krispy Kreme avoided lowering its earnings guidance and improperly reported earnings per share (EPS) for that time period earnings per share; these amounts exceeded its previously announced EPS guidance by 1 cent.
The primary transactions described in this case are "round-trip" transactions. In each case, Krispy Kreme paid money to a franchise with the understanding that the franchise would pay the money back to Krispy Kreme in a prearranged manner that would allow the company to record additional pretax income in an amount roughly equal to the funds originally paid to the franchisee.
Business
1 answer:
Hitman42 [59]3 years ago
8 0

Answer:

sorry i just need points ;-;

Explanation:

BUT! oh, jeez. yeah, im only in 9th grade, but if you have any other questions like math, i can try?

You might be interested in
James worked for an automobile plant that has now closed, as the parts produced are no longer needed. Which type of unemployment
Zanzabum

Answer:

"Structural Unemployment"

Explanation:

According to my research on the different types of unemployment that exist in the United States, I can say that the unemployment type described in the question is called "Structural Unemployment". This is an unemployment type that is caused by industrial reorganization, usually this happens when the industry adds new technology that can do certain employees jobs the same or better than them

unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand.

4 0
3 years ago
"Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value for all of the outstanding sha
Ghella [55]

Answer:

Additional paid in capital in excess of par value is any amount of money received through issuing stocks at a higher value than par:

additional paid in capital = ($47 - $5) x 12,000 stocks = $42 x 1,200 = $504,000

Additional paid in capital does not affect retained earnings, so retained earnings should remain unchanged.

8 0
3 years ago
Gilbert Company made an ordinary repair to a delivery truck during 2016 at a cost of $500 and capitalized the repair cost. What
Leto [7]

Answer:

The answer is:

Asset will be overstated

Net income will be overstated

Explanation:

Because of the incorrect capitalization(the process of converting or adding to a firm's asset):

1. Assets are overstated. Assets that shouldn't are added to the entire assets are added. So it's increasing the company's asset whereas it's not.

2. Net income are overstated. Because depreciation too will have to be charged for the asset that wasn't there, therefore, net asset will be overstated.

7 0
3 years ago
A vendor offers to provide a $500 payment to a teacher for going “above and beyond” their normal duties and assisting the vendor
elena55 [62]
Most likely not but its a nice thing to do.
4 0
3 years ago
1. ______ assist in the movement of goods and services from producers to industrial and consumer users. Exchange providers Finan
Nonamiya [84]

Answer:

Marketing Intermediaries

Explanation:

Marketing Intermediaries work as a thoroughput between operations that produce goods and operations who use those goods.

6 0
2 years ago
Other questions:
  • Your project sponsor has asked you to explain the negative or threat risk response strategies and the opportunity or positive ri
    14·1 answer
  • Is it possible to be admitted to Minnesota Bar Association without taking the test over? Have practiced law in Colorado for 0ne
    6·1 answer
  • Under what scenario could fiscal policy make a recession even worse?
    15·1 answer
  • Assume the following cost of goods sold data for a company: 2017: $1,700,000 2016: 1,400,000 2015: 1,200,000 2014: 1,000,000 If
    14·1 answer
  • Many homes are decorated in spring colors because these colors are deemed to be uplifting; however, most department stores do no
    6·1 answer
  • Chip is a veteran who fought in Desert Storm. He has just retired from the military. He has been told he qualifies for a propert
    12·1 answer
  • The location-specific advantages argument associated with John Dunning helps explain why firms prefer FDI to licensing or to exp
    15·1 answer
  • Despite some optimism about the seeds of recovery, the Congressional Budget Office (CBO) sees joblessness rising. The CBO sees u
    8·1 answer
  • Does the temporal difference learning of optimal utility values (U) require knowledge of the transition probability tables
    10·1 answer
  • Suppose the current price of a pound of chicken is $3 per pound and the equilibrium price is $6 per pound. What takes place
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!