Virgin Orbit Files for Bankruptcy

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According to the New York Times, the satellite launch company, founded by Richard Branson, announced sweeping cuts last week as it struggled to recover from a high-profile rocket failure in January. Questions: Source: Granville, K. (2023) Virgin Orbit Files for Bankruptcy After Failed Launch and Lack of Funding. The New York Times, April 4 (Retrievable… Read more »

It’s all in the way you interpret The Community Reinvestment Act

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to BusinessInsider.com, the Trump Administration is pushing for funds meant for low-income neighborhoods to be funneled to the NFL for a new stadium. Questions: Who proposed the rule change and to whom? When was the law or rule passed? What are the pros and cons for putting stadiums in opportunity zones? Do you agree… Read more »