Analyze overall process of accounting for insolvencies

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Reference no: EM13130891

Deduce the best possible contractual agreement Kmart Corporation 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.

At least 2 paragraphs please.

Reference no: EM13130891

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