Problem

MBA Students One MBA student was overheard saying to another, “Accounting is balo...

MBA Students

One MBA student was overheard saying to another, “Accounting is baloney. I worked for a genetic engineering company and we never looked at the accounting numbers and our stock price was always growing.”

“I agree,” said the other. “I worked in a rust bucket company that managed everything by the numbers and we never improved our stock price very much.”

Evaluate these comments.

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Solutions For Problems in Chapter 1