Accounting & Investing Info for San Antonio A & M
Wed March 22, 2017
Accounting reports assume a company will remain in business. If it appears the company is not generating enough cash to meet expenses, a going concern
statement is issued with the report. We have followed the downward spiral of Sears Holdings SHLD for some time now.
Yesterday SHLD issued a going concern statement, so the end will probably come for what was once the world's largest retailer in the next 12 months.
So much for Eddie Lampert's boy genius status.
Sears is like a cat with nine lives, have they really exhausted all nine lives?
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Now that the craftsman brand is sold off and it’s evident that sears is going out of business I guess I might have a hard time getting my tools warranted and finding future replacement parts for my recently purchased riding lawn mower. Also I am wondering if my eye doctor who operates under the Sears optical is going to retire or find another facility to practice at. With less inflows than outflows of cash shouldn’t the revised accounting equation for sears be cash<expenses= no CEO salary or bonus. This is what happens when you sit back and watch your competitors evolve and conform to new socio nomical consumer moods. Hence online shopping and utilizing time more efficiently. Good luck sears!
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Professor Elam 
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