Why would 3 employees who work for 3 different companies say their business practices are aligned with other companies of their size, but when they are asked the size of their company, they give three drastically different answers?

What is the required treatment of each of the below events in the financial statements? Justify your decisions.    a) On 25 July 20X9, Carey settled and paid a claim involving prior employees alleging sexual discrimination as a result of promotions announced at the Christmas party in 20X8. Five women who had been overlooked for management promotions undertook legal action in March 20X9.   b) On 1 August 20X9, Carey Ltd made an announcement to the Singapore Stock Exchange of its intention to take over a private engineering partnership. This would increase sales revenue of Carey Ltd by 15%. It was to be funded by a 1:10 rights issue.   c) On 12 August 20X9, a fire damaged the head office of Carey. The buildings, fixtures and fittings were only partly insured.   d) At its 5 September 20X9 meeting, Carey’s board of directors voted to double the advertising budget for the coming year and authorised a change in advertising agencies.

11 You are a financial analyst working on the IPO for a company. Which are the possible scenarios where conflicts of interest can occur? Select ALL correct answers. You have a personal relationship with the CEO of the company You have an indirect financial interest in the company You previously worked in the company as a co-op student You are presented with corporate opportunities by the company

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