Effective Writting 5-7 - Vy Huynh Acct 346 Effective...

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Vy Huynh Acct 346 Effective Writing 5-7 1. The Board of Directors met in December 12, 2014 in Charlotte, North Carolina. 2. To increase the revenues from its new product, the company introduced an advertising campaign in New York, Chicago and Los Angeles. 3. The biggest problem in our firm, however, is obsolete inventories. 4. The firm hired two new auditors, thus the work would be finished on time. 5. For example, Elixir Products should consider the FASB’s Accounting Standards Codification® Topic 840, which deals with leases. 6. The auditors revealed several problems in Thompson Company’s financial records
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Unformatted text preview: such as its depreciation policy, its handling of bad debts and its inventory accounting. 7. The presidents’ letter contained the following warning, “If our revenues don’t increase soon, the plant may be forced to close.” 8. “We’re planning a new sales strategy,” the manager wrote in reply. 9. We have decided not to invest in the Allied bonds at this time; instead, we are considering Blackstone’s common stocks. 10. Although our revenues increased during June, expenses rose at an alarming rate....
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  • Spring '13
  • WILSON
  • Revenue, Expense, Vy Huynh

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