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Technology Stocks : Lucent Technologies (LU)
LU 2.680+0.9%Dec 19 3:59 PM EST

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To: John Carragher who wrote (20437)7/3/2002 9:32:56 AM
From: BWAC   of 21876
 
<The company's regulatory filings note that "a considerable amount of judgment is required in assessing the
realization of these receivables." The filings add that the company's financial statements, in general,
"require management to make significant estimates and assumptions." >

Good grief? Hey Newsflash people. Accounting has and always will involve the use of professional judgment, significant estimates, and significant assumptions in the efforts to match expenses to the revenues they produce. Such efforts are what the entire accounting system is based on. From day one.
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