Accounting error worth billions upped GM's negative bottomline
The management of GM has to restate its financial statementsfor the errors discovered which raised its losses to 10.6 billion
dollars.
Hmppph
Accounting error raises GM's loss
Why it took them so long to see the errors?
Weren't the books audited yearly ?
Is this a case of deferring the losses by withholding
charges of expenses?
More losses would mean lower Earnings per share or
bigger loss per share. Lower EPS or no EPS at all
affect the price of the stocks.
Something's cookin'?
Earnings per share ,stock market,financial statements
posted by cathy at 5:49 PM
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