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Written by:
Gretchen A
Date added:
April 19, 2016
Level:
Grade:
A
No of pages / words:
6 / 1440
Was viewed:
9073 times
Rating of current essay:
Essay content:
This loss is non consistent with historical amounts reported by the Company. Two significant factors contribute to the loss.
One was the acquisition of Hollywood Video. Hollywood was strapped with large amounts of debt resulting in the Company's interest expense charge increasing almost $68 million from the prior fiscal year...
displayed 300 characters
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Hollywood was strapped with large amounts of debt resulting in the Company's interest expense charge increasing almost $68 million from the prior fiscal year. Also, as a result of acquiring Hollywood, the Company wrote-off the pre-acquisition deferred tax balances of Hollywood and set-up new deferred tax balances...
displayed 300 characters
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