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S. A. Harrington Company. S. A. Harrington Company is a U.S.-based company that prepares its consolidated financial statements in accordance with U.S. GAAP. The company reported income in 2015 of $5,000,000 and stockholders' equity at December 31, 2015, of $40,000,000. The CFO of S. A. Harrington has learned
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Chapter 5. Communicating and Interpreting Accounting Information. ANSWERS TO QUESTIONS. 1. The primary responsibility for the accuracy of the financial records and conformance with Generally Accepted Accounting Principles (GAAP) of the information in the financial statements rests with management, normally the
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