By creating financial statements using Generally Accepted Accounting Principles, financial managers ensure that the financial statements for their companies are comparable to other companies’ statements. In what ways may companies distinguish their performance within the context of audited financial statements?
Minimum of 100 words; due by 8:00pm EST
Junk bonds are defined as bonds which have ratings that fall below BB/Ba (S&P and Moody’s rating, respectively). Discuss why you would or would not invest in a junk bond.
Answer needs to be a minimum of 100 words