Read Case Study 13-1 “Accounting for Contingent Assets: The Case of Cardinal Health,” from Chapter 13 in the textbook.
In a 250-500 word executive summary to the Cardinal Health CEO, address the following.
Explain the justification that could be given for deducting the expected litigation gain from cost of good sold and explain why Cardinal Health chose this alternative rather than reporting it as a nonoperating item.
Explain what the senior Cardinal Health executive meant when he said, “We do not need much to get over the hump, although the preference would be the vitamin case so that we do not steal from Q3.” Include specific clarification of the phrase “not steal from Q3.”
Explain specifically what Cardinal Health did to get into trouble with the SEC.
Justify the timing of the $10 million and $12 million gains, and explain how Cardinal Health’s senior managers defend these decisions.
Cardinal Health received more than $22 million from the litigation settlement. Discuss whether the actions of Cardinal Health senior managers were so wrong that they justify the actions of the SEC. Classify Cardinal Health’s behavior on a scale from 1-10, with 1 being “relatively harmless” and 10 being “downright fraudulent.” Justify your rating.
HUMOUR ' Humour is the maximum widely wide-spread challenge be counted in political cartoons. The effectiveness of a cool animated film relies upon appreciably upon the detail of humour it contains. thru humour, absurdity and hypocrisy are uncovered and while a reader snort at individuals who are in electricity, he becomes much less afraid. The detail of humour act as a sugar coating upon the sour pill. And it additionally brings sure balance to controversies. As satire can harm people, cartoonist uses humour subversively as an agent of alternate and mirrored image. ' SYMBOLS ' Symbols are vital, as now and again humans are not sure how they experience and not able to decide. studies suggests that there is a high frequency of emotional symbolism in editorial cartoons as explained by way of the DeMause's idea. Manipulation of shared symbols is probably to be vital in directing public attention and shaping public opinion, specially in contemporary democracies. ' IRONY ' the use of political irony regularly factors out the contradictions in politics in a wry way. Rhetoric is frequently used in text with irony, this kind of irony is often visible in political cartoons. from time to time it's miles humorous, and different times it could be pretty adversarial. Burack says that irony makes cartoons witty and point out the flaws inside the machine. He says cartoons need to entail irony as they are able to make a contradiction and argument. ' STEREOTYPING - Stereotyping is a ordinary in cartoons, it's in a stereotype that the cartoonist tries, explains and simplifies a largely relevant point of view. although being offensive, it largely enables a cartoonist to carry and establish an idea, making a sturdy factor open for discussions and debates. ' an argument no longer A SLOGAN - Cartoons are pointed taking a jab at issues, they may be not simply slogans that state a truth. Slogans are one-of-a-kind for ex. Adidas has 'impossible Is not anything' slogan. however a cartoon subverts it explaining how this is completed. In a few instances it's opinionated and blunt. So despite the fact that if it's biased, the caricature provides one, grounds for responding or even arguing lower back. ' DISTORTION - Exaggeration and distortion are the primary tools hired with the aid of a cartoonist which shows a person's power or weak??ness, the significance or the insignificance, dangerousness or helplessness of a person, institution, or social force. In other words, distortion and exaggeration assist to emphasise extremes in personalities or moves. R okay Laxman is an Indian cartoonist, illustrator, and humorist. he is excellent regarded for his creation The not unusual guy, for his daily cartoon strip, "You said It" inside the instances of India, which started in 1951. he's a pioneer of political cartooning in India. he is a legendary cartoonist now not because of the paper he's associated with but because of the cartoons he placed on it. His cartoons have been powerful yet less debatable. The instances of India owes Laxman for highlighting such issues that in any other case might have misplaced in a rustic like ours. The e-book written via R okay Laxman, titled 'The commonplace guy Seeks Justice' suggests the complicated lifestyles of the commonplace guy, who is a silent spectator to all that is going around him. common man is a famous cartoon by using Laxman as a spectator to the situation he faces. The not unusual guy is portrayed as a submissive character with deep insights who is hopeful and generally d>GET ANSWER