"Changes in Ownership Interest"
Please respond to the following:
From the first e-Activity, determine how the company you researched would approach the change in ownership interest under current GAAP and how that approach would differ under proposed GAAP. Provide specific examples to support your response.
Analyze the process of accounting for changes in ownership interest to determine which step in that process is likely to cause the greatest number of challenges to the greatest number of companies. Explain your rationale.
"Insolvency"
Please respond to the following:
From the e-Activity, deduce the best possible contractual agreement the companies in question could have used to avoid formal bankruptcy proceedings. Explain your rationale.
Analyze the overall process of accounting for insolvencies and make at least one recommendation for improving current practices. Provide specific examples of how your recommendation would be an improvement.
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