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Unformatted text preview: increase productivity and the company would suffer if they cannot meet their obligations. Furthermore, there may additional legal expenses in regards to using this as a reason for termination. The three above reasons could impact the financial statements more than the lack of funds. It would be best for the business overall if Thinken Technology capilized their pension obligations as required by GAAP....
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This note was uploaded on 01/20/2012 for the course ACCOUNTING 101 taught by Professor Dubai during the Spring '11 term at Abu Dhabi University.
- Spring '11