What are the ethical issues in this situation?

LRF Printing provides printing services to many different corporate clients. Although LRF bids most jobs, some jobs, particularly new ones, are negotiated on a cost-plus basis. Cost-plus means that the buyer is willing to pay the actual cost plus a return (profit) on these costs to LRF. Alice Reiley, controller for LRF, has recently returned from a meeting where LRF’s […]

Explain the standards that govern US GAAP treatment of investments, comprehensive income, and other comprehensive income.

B&L, Inc., located at 3200 College Avenue, Davie FL 33314, is a publicly traded firm that offers various business services. In 2015 it started offering financial services. As of December 31, 2015, B&Ls fiscal year-end, it held three investments totaling $70 million, an amount it considers material. Details regarding the breakdown of these investments are listed below. B&L is your […]