The Groupon Case Deals with All but the Following Issues

question 30

Multiple Choice

The Groupon case deals with all but the following issues:

• A)Improperly estimated customer returns
• B)Improper recognition of gross revenue
• C)Used a new innovative metric of "Adjusted Consolidated Segment Operating Income"
• D)Blamed material weakness on their auditors EY

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Definitions:

Montreal Protocol

An international treaty designed to protect the ozone layer by phasing out the production of numerous substances believed to be responsible for ozone depletion.

CFCs

Chlorofluorocarbons, a class of chemical compounds used in refrigeration and aerosols, which have been found to deplete the ozone layer.

Ozone Hole

A depletion of the ozone layer in the Earth's stratosphere, particularly over the Antarctic, caused primarily by human-made chemicals.

Stratosphere

The layer of the earth's atmosphere above the troposphere, characterized by a slight temperature increase and the presence of the ozone layer.