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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Teri Garner who wrote (175254)6/26/2002 6:38:41 AM
From: Earlie  Read Replies (2) of 436258
 
Teri:

LOL!!

Over the past five years, pushing actual operating expenditures off the P&L statement and on to the balance sheet as a capital expenditure, has become a standard slimey practice. Too bad the Worldcom boyz didn't complete "step two" (which should be done as automatically and as regularly as an oil change if you want to keep the old accounting engine running smoothly), which is to take the semi-annual "one-time-only, non-recurring charge". Through this time-honoured process, the balance sheet is purged of all dirty sludge that has been accumulating in the corporate crankcase. Good (accounting) maintenance is important! (g)

Best, Earlie
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