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Business & Professional Ethics 7th Edition by Leonard Brooks,Paul Dunn
Edition 7ISBN: 978-1285182223Business & Professional Ethics 7th Edition by Leonard Brooks,Paul Dunn
Edition 7ISBN: 978-1285182223 Exercise 42
The argument is that market-to-market accounting caused AIG to record huge unrealized losses. These losses led to a downgrade in the quality of AIG stock. The downgrade and frozen credit markets led to eventual bailout. So, do you agree that the accounting rules contributed to AIG's demise?
Explanation
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Accounting rules are part of the Financi...
Business & Professional Ethics 7th Edition by Leonard Brooks,Paul Dunn
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