Using accounting relations to check errors hard a chief, Finance Basics

Using accounting relations to check errors hard a chief

Question: Using Accounting Relations to Check Errors (Hard) A chief executive reported the following numbers for fiscal year 2012 to an annual meeting of shareholders (in millions):

Show that at least one of these numbers must be wrong because it does not obey accounting relations.

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Finance Basics: Using accounting relations to check errors hard a chief

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