ACC 230 Nortel Networks Case - 91434

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Nortel has seven cases of guarantees and four commitments. The criteria for effective disclosure of guarantees are that the disclosure is fair if the following points have been provided: Description and nature of guarantee/indemnity. Financial effects, any indication of the uncertainty posed by the situation and any possibility of reimbursement.
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ACC_230_Interpreting_Financial_Ratios.doc
ACC_230_Interpr...