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You are an analyst covering Screen Microtech and have been asked to evaluate the firm’s financial performance for fiscal 2015.  Specifically, you have been asked to review the accounting decisions that the firm has made and prepare a revised 2015 income statement that is a fair, unbiased assessment of the company’s performance.  In a one-page memo, discuss the rationale for your choices and evaluate the firm’s overall performance compared to the original income statement prepared by management.

 
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