Principles of Accounting
12th Edition
ISBN: 9781133626985
Author: Belverd E. Needles, Marian Powers, Susan V. Crosson
Publisher: Cengage Learning
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Why is the profit maximization supposed not the most important goal of the company?
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- How important is profit? How can a company survive when it isn't making a profit? How can a company fail when it is making a large profit?arrow_forwardWhy do you think companies use revenue recognition as a primary means for inflating profits?arrow_forwardwhy is profit maximization supposedly not the most important goal of a company?arrow_forward
- What is earnings quality? What are the possible topics or areas that the reported earnings may not best represent the earnings reality or the future operating potential of a company?arrow_forwardCan Retained Earnings grow too large? If so, what strategies might management take to reduce it?arrow_forwardIf markets are truly efficient, does it matter whether firms engage in earnings management? On the other hand, if firms manage earnings, what does that say about management’s view on efficient markets?arrow_forward
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