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Pages:
1 page/≈275 words
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Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Essay
Language:
English (U.S.)
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Topic:

The New York Times Company and Its Industry

Essay Instructions:

Obtain outside information about The New York Time company and its industry. Answer the following questions in your own words:
What notable accounting considerations are there for companies in this industry?
 Confirm the Revenue Recognition Standards for the industry In the FASB database you have access to.
 Identify any specific industry accounting standards or regulations.
Is your company socially responsible?
 Explain how?
 Do they specify their social responsibility objectives?
 Does the company produce a product or perform a service that creates social concerns and publicity that could impact the profitability of the company (examples: environmental concerns, cannabis production or selling, cigarettes, e-cigarettes, etc.). (This item will require information obtained from the company)

Essay Sample Content Preview:

The New York Times Company and Its Industry
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The New York Times Company and Its Industry
The New York Times and its industry is dedicated to assisting people in developing a rational understanding of the world through on-the-ground, professional, and well-informed independent journalism. The company operates as a limited liability company, which accords the shareholders the right to afford corporations without additional tax or operational costs. Regardless, The New York Times can process its financial reports anytime because it is not required to file a mandatory annual, implying other corporations within a state. The total revenue generated by The New York Times and its associates is recorded on individual tax returns of the shareholder. So, some state regulations exist to ensure that the owners pay self-employment taxes (Walsh, 2018). Like any other limited liability company, The New York Times relies on the general ledger as the financial backbone for its industries. Furthermore, the general ledger replicates the individual cashbook that takes into consideration all assets and liabilities.
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