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Politics : Ask Michael Burke
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To: Don Lloyd who wrote (82715)8/7/2000 9:17:03 AM
From: Craig Richards   of 132070
 
The only thing that the corporation can distribute cost free is its own stock.

That statement is based on a set of accounting standards. It would be possible to create a set of accounting standards in which there was a cost to the company to print up shares of its own stock. So your "cost free" statement only applies to one way of viewing the world (even though it is the "standard" way). Accounting is a profession that tries to keep track of financial assets and income for a company. The current standards and rules seem to work, but they have their weak areas where they do not adequately reflect what is really going on. Perhaps the accounting for printing up shares of stock is one of the weak areas in the current accounting standards.
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