Short answer response.
Toys "R" Us stores are closing nationwide in the US and the UK
after the major industry retailer declared bankruptcy a couple
weeks ago.
Please discuss this subject and tie in knowledge pertaining to
any of the content covered in class (Intermediate Accounting 2).
Please try and keep the answer relative to the field of
accounting.
Topics covered in class so far: Earnings per share, Investments,
Stockholders equity, Current liabilities and contingencies,
Long-term liabilities, Accounting for leases,...