AOL announced that because of an accounting change (FASB Statements Nos. 141R [ASC 805] and142...
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Accounting
AOL announced that because of an accounting change (FASB Statements Nos. 141R [ASC 805] and142 [ASC 350]), earnings would be increasing over the next 25 years by $5.9 billion a year. What change(s) required by FASB (in SFAS Nos. 141Rand 142) resulted in an increase in AOLs in-comeincome? Would you expect this increase in earnings to have a positive impact on AOLs stock price? Why or why not? 2-9
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