You are required to prepare an investigative report on a recent corporate scandal that involved improper accounting practices or any form of financial scandal. Your report must include the following: an overview of the corporation a description of the scandal methodology - explaining the specific accounting impropriety that the company used. an explanation of how the firm managed to hide their accounting improprieties a discussion of who the scandal effected - both inside‚ and outside
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I see my own life reflected in the scene where Sara Smolinsky’s mother‚ Shenah Smolinsky‚ yells at her out of pure frustration. Shenah has just gotten home from shopping for food and she is upset‚ the grocer and the butcher refuse to trust her for she is poor. They refuse to sell to her unless they are selling her the goods that nobody wants. Shenah arrives at the house and sees that Sara has not yet put the potatoes to boil. This seems to be a very small problem but because the mother was already
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Reaction Essay: The Corporation The documentary The Corporation‚ directed by Jennifer Abbott and Mark Achbar and produced in 2004‚ although bias‚ opens many doors for discussion in regard to capitalism and the role of corporations in our lives. I found the documentary to be presented professionally‚ and filled with legitimate facts more so than extreme opinion. The documentary truly outlines the "all-pervasive" role the corporation has taken as the "world’s dominant institution". The film opens
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Lee Iacocca Lee Iacocca‚ born Lido Iacocca on October fifteenth 1924‚ was the son of an Italian immigrant named Nicola Iacocca. He had one sister named Antonette. The family lived in Allentown‚ Pennsylvania. His father was some what of an entrepreneur in the food service industry. The family business was called the Orpheum Weiner House in Allentown‚ Pennsylvania. The company is still standing today‚ operating under the name Yocco’s‚ his uncles’ are still making hot dogs for the public
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Corporation – A separate legal entity that has an existence at law that is separable from those who form it. It is a separate legal entity in the sense that it has an existence at law‚ but no material existence. * It is separate and distinct from its shareholders * A properly authorized agent may bind the corporation in contract with third parties. * Shareholders possess limited liability for the debts of the corporation‚ and creditors may look only to the assets of the corporation to
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liability of the shareholders. However‚ under certain circumstances the corporate entity may be disregarded. This is also known as piercing the corporate veil and is the most frequent method for holding the shareholders liable for the acts of a corporation. Corporate officers‚ directors and controlling shareholders have a general fiduciary duty of loyalty and care which should govern all their corporate conduct. Unless they breach that duty by gross negligence or acts in bad faith‚ they usually will
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Leadership Summary Many people are familiar with Lee Iacocca’s rise to power starting at the Ford Motor Company because of many well orchestrated advertising and marketing campaigns. This initial introduction was followed by extreme press exposure of his subsequent termination from Ford and at this point in time nearly everyone has heard of his almost heroic efforts to save the Chrysler Corporation from bankruptcy. What most individuals do not realize is that Iacocca was a four year student of
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Lee Corporation Equity Scenario Income B-4 Taxes Tax Expense (40%) Net Income 240‚000 96‚000 144‚000 NOTE: adjustments to error corrections are always after tax (AT). JE’s needed: DR Retained Earnings Accumulated Depreciation 15‚000 15‚000 CR Retained Earnings Inventory 21‚000 21‚000 Dividends (Retained Earnings) Cash Dividends Payable 100‚000 75‚000 25‚000 Lee Corporation Retained Earnings Statement for the year ended December 31‚ 2007 January 1‚ as reported Correction for depreciation
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Business Ethics The Corporation ‘The Corporation’ had a specific aim to portray the problems of not just one corporation‚ but corporations as a whole‚ as is evident from the beginning of the film as a multitude of big business logos flashed across the screen. The film proceeded to highlight the issues surrounding: globalization and consumerism‚ environmental pollution and disregard for the planet‚ unethical marketing‚ and dishonest media. Personally‚ I feel that I’m quite open-minded when it comes
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through multiple films‚ the article would analysis of the impact of the East-West cultural collision and merger. Furthermore‚ a comprehensive interpretation of Ang’s unique film elements and the traits would be expounded. Abstract Ang Lee‚ Taiwan filmmaker‚ however‚ doesn’t have the same characteristics with other Taiwan film makers. He is like a movie ranger‚ with no specific cultural identity‚ however‚ simultaneously‚ it could be find a certain kind of familiar cultural identity on
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