Identify line items creating the accounting distortion

Reference no: EM132789372

Problem 1: What future events will cause 's future earnings to be lower (higher) because current earnings are potentially overstated (understated)?

Problem 2: Identify line items creating the accounting distortion in Groupon's financial statements (Balance Sheets or Income Statements) and adjust accounting distortions. Estimate the income (loss) from operations that Groupon would have reported for 2018 after the adjustment of accounting distortions. (The number of line items creating the accounting distortion can be more than one.)

Problem 3: Groupon's cash and cash equivalents in 2013 is $1,240,472. Provide possible reasons for holding large amount of cash and modify operating assets, operating accruals, current operating accruals and non-current operating accruals as appropriate.

Reference no: EM132789372

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