Posts Tagged: stock price

Nikola Fraud Update

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Ethical Dilemma, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

Trevor Milton convicted of securities fraud after 6-year successful stock market run. His company and concept car was all a lie! Questions: Why do, as the article says, “corporate executives tend to portray activist short sellers as vigilantes?”  Related to the first question, what has Nathan Anderson’s firm done in the past several years? Why… Read more »

Do you want buy some popcorn with that?

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

According to the Washington Post, AMC will allow customers to pay for popcorn and movie tickets with bitcoin by the end of the year. Questions: What has happened to AMC’s stock price since the first of the year? As of this week, how many AMC movie tickets could be bought with a single bitcoin? AMC… Read more »

SEC Looks at Unusual Transactions

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The Securities and Exchange Commission launched a probe of circumstances surrounding Eastman Kodak (KODK) and a $765 million government loan it received last week to make pharmaceutical ingredients at its U.S. facilities. Questions: What happened to Kodak stock between the announcement of its government loan to make pharmaceutical ingredients and the announcement of the SEC probe? Which… Read more »

Sad Times for a Retail Icon!

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

This week, J.C. Penney filed for bankruptcy protection after a prolonged decline over the past 20 years, becoming the latest and largest retailer to fall during the coronavirus pandemic, which has devastated the industry. Questions: How many employees does this affect? When and where did the company start? How many stores does the company have… Read more »

Netflix studios on a roll!

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Statement Analysis, Fraud Accounting, IFRS, Income Taxes, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

After capturing the most 2020 Oscar nominations of any studio, Netflix stock is trading up 3.5%. Questions: Which film received the most nominations? Between Netflix movies and original series, how many total Oscar nominations did Netflix receive? How does this compare with its Golden Globe awards? According to Bloomberg data, what is the consensus price… Read more »

Change in Management

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to the New York Times, Boeing fired its chief executive officer, Dennis A. Muilenburg, on Monday after investors became weary of Muilenburg’s clumsy handling of the 737 Max crisis that angered lawmakers, airlines, regulators, and victims’ families. Questions: Who is going to replace Muilenburg? When do the Boeing Board and Washington insiders typically meet… Read more »

Are you Kidding?

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According to Business Insider, Tesla owners will soon be able to customize their next generation of Tesla cars to emit the sound of a goat bleating, or a fart noise in place of a horn.  Questions: How did Elon Musk announce this new customization? What other sounds did he mention? Do you think he was… Read more »

CVS wants to be the Ultimate Healthcare Provider

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According to Business Insider, when in 2018, CVS Health acquired Aetna, combining a chain of nearly 10,000 pharmacies dispensing prescriptions and selling snacks and soda with one of the biggest US health insurers, the company also took greater steps to promote healthier options. Questions: What was CVS’s stand regarding the sale of cigarettes? Where does… Read more »

SEC helps the mom and pop investors

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According to Business Insider, the Securities and Exchange Commission is stepping up scrutiny of mutual fund investments in private companies, according to people with knowledge of the agency’s interest. Questions: What has been the problem with mutual funds investing in companies like Airbnb or WeWork? Which case is notorious for spiking the SEC’s interest in… Read more »

Verizon breaking up wireless unit in reorganization

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Income Taxes, Intermediate Accounting, International Accounting, Managerial Accounting, Video Updates.

Verizon Communications Inc.’s new chief executive is restructuring the carrier’s business lines, including its massive wireless business, in one of the first major organizational changes under his leadership. Questions: 1. Who are and will be the new leaders of the reorganized company? 2. When will the changes take place? 3. What is the divider in… Read more »