Harnischfeger made during 1984 and the effect of these on the company’s 1984 reported profits are further explained in the following paragraphs. The Harnischfeger Company made accounting policy and accounting estimate changes as part of a corporate recovery plan. A plan which consisted of the following four criteria: changes in top management, cost reductions to lower the break-even point, restructuring of the company’s business, and debt restructuring and recapitalization. The company changed
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