A Roundtrip Ticket to Trouble - When a company sells or exchanges goods or services with another company and, in return, buys similar goods, services, or monetary assets from the other company of equal -- Or almost equal -- Value, it's a roundtrip. Such transactions are legal but must be reported correctly without distorting the company's financial reporting -- Or the SEC will come calling.
Year of publication: |
2004
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Authors: | Ewer, Sid R. |
Published in: |
Strategic finance : leadership strategies in accountants and financial professionals. - Montvale, NJ : Institute of Management Accountants, ISSN 0025-1690, ZDB-ID 14706659. - Vol. 85.2004, 10, p. 46-51
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