This case discusses the hypothetical situation where two "friends", Moe and Joe, opened a nightclub. Moe managed the kitchen and employees and tended bar, while Joe used his political clout to attract customers and did the bookkeeping. The tavern seemed to be a runaway success, but the corporation did not keep much in the way in the way of financial records. A year and a half later, Joe has disappeared, and Moe learns many of their debts are months past due. In this case, students take the role of Moe's newly hired CPA to determine how much income the tavern earned in its 18 months of operation, and how much money Joe stole.
Case ID: 110110