Scottish chip maker Wolfson said it will not get the nod for its chips in the next generation of media players from ‘one customer.’ That would be Apple. The stock dropped 22%. Now would we make an accounting entry to reflect that? The answer is no. Following our discussion in class Tuesday, should there be some kind of fourth statement that reflects changes in stock price and the company fortunes?
Professor Elam
Accounting & Investing Info for San Antonio A & M
Professor Elam 
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