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Topic: Business
Number of pages / Number of words: 6 / 1644
Essay's paper body

Failure to oblige with the payment of these debts could force a company to file for bankruptcy. Bankruptcy is not desirable for corporations because "Bankruptcy hampers conduct with customers and suppliers. Sales are frequently lost because of both fear of impaired service and loss of trust" (Ross, Westerfield, & Jaffe 2005)...


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Sales are frequently lost because of both fear of impaired service and loss of trust" (Ross, Westerfield, & Jaffe 2005).

Providing up-to-date information to investors and external authorities will aid companies in minimizing lawsuits, fees and penalties associated with altering reports to make the company more appealing...


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