1. Are there any situations where a reclass may be necessary within the boundaries of accounting Please share examples of where companies have reclassed appropriately
2. Do you think it is unethical to reclassify debts to improve the acid test ratio or current ratio specifically for the purpose of obtaining new credit or bank loans? What about to sell the business?
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Evaluate Kohl’s CASH FLOW.
NOTE: Use amounts in the audited
financial statement...
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