President and Controller of Western Chemical Corporation discuss the best way to measure and report the performance of foreign subsidiaries. A subsidiary of a joint venture with its own capacity to borrow, another wholly owned, and a third is wholly owned by and is the basis for the sales of regional sales. Application of generally accepted accounting principles provides income measurements that seem to conflict with the true success of the operation. "Hide
by William J. Bruns, Jr., Roger Atherton Source: Harvard Business School 9 pages. Publication Date: 02 Oct 1995. Prod. #: 196079-PDF-ENG
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