Accounting Of Pumpkin Patch

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For accounting of Pumpkin Patch, between 2007 to 2016, pumpkin Patch loss 40 percent in Australia and 50 percent in New Zealand even though retail store sales increasing as a whole. The group lost $14.5m in 2014, $6m in 2015, and $20m in 2016, but continued to pay dividends to shareholders. Pumpkin Patch have owed 59 million dollars to ANZ in October 2016, and it unsecured creditors another 13.2 million(Harris,2016). Pumpkin Patch Continued to use debt to fund expansion and cover loss. This showed poor management of accounting

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