1. Can our goal of maximizing the value of the stock conflict with other goals,
Posted: September 9th, 2023
1. Can our goal of maximizing the value of the stock conflict with other goals, such as avoiding unethical or illegal behavior? In particular, do you think subjects like customer and employee safety, the environment, and the general good of society fit in this framework, or are they essentially ignored? Think of some specific scenarios to illustrate your answer.
2. Technology is increasingly used to process accounting data. Why then must we study and understand accounting?
3. Why is the revenue recognition principle needed? What does it demand?
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