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Harnischfeger Corporation
Essay specific features
Written by:
Julio G
Date added:
October 15, 2014
Level:
University
Grade:
A
No of pages / words:
2 / 340
Was viewed:
8100 times
Rating of current essay:
Essay content:
Identify all the accounting policy changes and the accounting estimates that Harnischfeger made during 1984. Estimate, as accurately as possible, the effect of these on the company?s 1984 reported profits.
a. Changes that affect the Harnischfeger Revenues:
• The company start to account Kobe Steel sales in US, previously it only add the gross margin in the financial statement...
displayed 300 characters
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Changes that affect the Harnischfeger Revenues:
• The company start to account Kobe Steel sales in US, previously it only add the gross margin in the financial statement. (this sales represents $28 millions)
• Sales to a foreign subsidiary starts to be consolidated as a net revenues (this sales represents $5,4 millions)
b...
displayed 300 characters
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