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What will effects on circuit city stores financial statement

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Reference no: EM132623816

Question 1: What will be the effects on Circuit City Stores financial statements if the FASB requires them to change the accounting for extended warranty and product maintenance contracts?

Question 2: What should Mike Chalifoux do?

Question 3: Do you think accounting rules, such as in this case, are too complicated? Explain.

Reference no: EM132623816

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