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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lee Lichterman III who wrote (117002)8/15/2001 1:19:26 AM
From: patron_anejo_por_favor  Read Replies (2) of 436258
 
<<Any idea what this means? .....>>

I dimly recall reading an article that stated that SAB 101 allows companies to write off good will on acquisitions over a longer period that is presently accepted...another device to inflate present earnings and make things look better than they were under current FASB standards.

Myth may have more info on it.
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