College of the Siskiyous

Financial Accounting (BA1A)

 R & R #13 -- Online Activity

THIS IS IT  ---- THE LAST ONE!

Due Thursday, December 4th by midnight, via email to Shawn Abbott, abbott@siskiyous.edu - 15 points  
  Late assignments will receive 0 points.

Part 1:  (8 Points) Complete P2 (page 696).

Part 2:  (7 Points)  Research one of the companies profiled in your Group Project.  Locate a 2007 or 2008 write-down or restructuring charge claimed by the corporation.  Describe, in your own words, the cause of this charge and its impact on net earnings.  Do you think your corporation might include a "big bath" in its financial statements in the coming year?