Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

Exercise 60

If available, go to an online index or obtain a hard copy index of The Wall Street Journal.Look up a recent, well-known bankruptcy case such as Delta Air Lines, General Motors, or Chrysler.Search for articles that discuss the issues and problems that led this company to file for bankruptcy.
Required
Write a short report on that company and the problems and mistakes that led to its insolvency and declaration of bankruptcy.If possible, indicate actions that the company could have taken to avoid its decline into bankruptcy.