Corrections to Financial Reporting, Financial Statement Analysis, and Valuation
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Corrections to Financial Reporting, Financial Statement Analysis, and Valuation 6th Edition Clyde P. Stickney, Paul R. Brown, and James M. Wahlen
Page 128, Exhibit 3.2, Net income for Year 4: change $4,412 instead of $4,212.
Page 251: Exhibit 4.27, Increase in Common Stock for Year 4: change $3 to $26.
Page 253: Exhibit 4.31, Cash Flow from Investing for Year 5: change $(280) to $280.
Page 769: Exhibit 10.6, in the Year +4 column, change (2,100) to (2,010) and change (2,554) to (2,644). In the Year +5 column, please change (2,245) to (2,149) and (2,377) to (2,473). Also in that exhibit, same page, row number (22), put parentheses around Increase and remove the parentheses around Decrease.
Page 835: Change the + sign before D in the first equation to a minus sign.
Page 841: In the Continuing Value Multiples table, 12% should be 15%.
Page 843: Exhibit 11.5, in the second line of the Continuing Value0 = , the first bracketed term has 0.0075, but should have 0.0775.
Page 911: Exhibit 12.17, Change the Shareholders’ Equity totals for Year +1 to Year +5 as follows: Year +1: change $57,916 to $57,856. Year +2: change $67,001 to $66,915 Year +3: change $76,652 to $76,563 Year +4: change $86,858 to $86,772 Year +5: change $97,594 to $97,499