Thursday Oct 30 2014
ARCP apparently changed numbers to conceal a prior period mistake.
Whoops, the stock dropped 19% after that announcement. The Chief Financial Oficer and Chief Accounting Officer both resigned.
We study the rules for reporting income. Violating those rules hs real consequences. ARCP is currently losing money. The stock price drop raises the dividend to 8%. Will ARCP continue to pay the same cash dividend? Check out the cash flow statement to analyze this question.
Professor Elam 
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