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Title: The manager of Golden Ray Corporation receives a bonus if company profits exceed $1,000,000 this ... Post by: samualson on Jul 4, 2018 The manager of Golden Ray Corporation receives a bonus if company profits exceed $1,000,000 this year. During the final week of the year, the manager changes an accounting policy that will increase reported profits from $950,000 to $1,025,000, triggering his bonus. The change in profits of $75,000 will reverse itself in the next year, and the accounting change has no impact on Golden Ray's cash flow. Discuss the above situation as it relates to both an agency problem and efficient markets.
Title: The manager of Golden Ray Corporation receives a bonus if company profits exceed $1,000,000 this ... Post by: Marc18 on Jul 4, 2018 Content hidden
Title: The manager of Golden Ray Corporation receives a bonus if company profits exceed $1,000,000 this ... Post by: samualson on Jul 4, 2018 Literally the most helpful website ever
Title: The manager of Golden Ray Corporation receives a bonus if company profits exceed $1,000,000 this ... Post by: Marc18 on Jul 4, 2018 :monkey:
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