(Answered) The following appeared in the october 15 2011 issue of the

Accounting

The following appeared in the October 15, 2011, issue of the Financial World Journal:

Required:

1. Explain what is being described by the announcement.

2. Can you think of a psychological reason for the securities to be priced as they are?

3. What are the accounting considerations for Craft Foods, Inc.? Describe how Craft recorded the sale.

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