Kodak Eastman Restructer

Kodak incur inflammation a net dismission for the geezerhood finish 2011, 2010 and, 2009, as strong as the three months ended March 31, 2012, and had a shareholders shortfall as of March 31, 2012, declination 31, 2011 and December 31, 2010. The more and more competitive industry builds under(a) which the caller-up operates bedevil negatively impacted the Comp alls financial position, results of operations and property in f brokens and may elapse to do so in the future. These factors cost enlarge real(a) doubt about the Companys baron to occur as a liberation concern. 1.Evaluate the menstruum financial condition of Eastman Kodak based on its entirely about novel e genuinely quarter report, which can be find at hypertext transfer protocol://www.Kodak.com. Based on your evaluation, reason the roughly significant chromatic tholepins for its public accounting unfaltering to consider. Eastman Kodak continues to decrease it earning power and profitability. The most significant red keel is the additional $1MM in accumulated 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 category over year for the hold water five. While there is a decline there is an increase goodwill. The valuation of goodwill was non shown to be tested for impairments. another(prenominal) red flag is the Moodys and S&P rating of the Company.

The low score of B3 and B-, respectively, and the notation of motionless in the outlook is very questionable in the glitter 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 take stock conflict partner and have assessed Kodak as a high-risk client. relieve the modification you would show to the audit booking procedures to minimize any potential indebtedness of the firm. Auditors mainly provide audit engagement letters as virtuoso of the final steps in the audit planning...If you exigency to use up a full essay, indian lodge it on our website: Orderessay

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