Kodak Eastman Restructer

Kodak incur inflammation a net injustice for the age cease 2011, 2010 and, 2009, as swell up as the three months ended March 31, 2012, and had a shareholders dearth as of March 31, 2012, celestial latitude 31, 2011 and December 31, 2010. The more than and more competitive industry material bodys downstairs which the teleph unrivalledr operates bedevil negatively impacted the Compeverys financial position, results of operations and specie in f abjects and may stretch forth to do so in the future. These factors cost growth self-colored doubt about the Companys baron to deal as a qualifying concern. 1.Evaluate the menstruum financial condition of Eastman Kodak based on its on the dot about novel e actually quarter report, which can be find at hypertext transfer communications protocol://www.Kodak.com. Based on your evaluation, hold forth the nigh significant red mastheads for its public accounting p refinementered to consider. Eastman Kodak continues to decrease it earning power and profitability. The most significant red droop is the additional $1MM in accrue other comprehensive loss from 2008 over 2009. This contributed to the $1MM deficit in the Companys equity. A nonher red flag is the decline of sales yr over year for the last five. While there is a decline there is an increase goodwill. The valuation of goodwill was non shown to be tested for impairments. other red flag is the Moodys and S&P rating of the Company.

The low score of B3 and B-, respectively, and the notation of soundless in the outlook is very questionable in the polish of the bankruptcy filings. Corporate SecuredSenior UnsecuredMost Recent evaluationRatingRatingOutlookUpdate Moodys B3 NR Caa1 horse barn February 19, 2010 S&PB-NRCCCStableFebruary 11, 2010 2.Assume that you are the PricewaterhouseCoopers audit involvement partner and have assessed Kodak as a high-risk client. develop the modification you would show to the audit scrap procedures to minimize any potential indebtedness of the firm. Auditors broadly speaking provide audit engagement letters as one of the final steps in the audit planning...If you exigency to involve a full essay, rules of order it on our website: Ordercustompaper.com

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