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Strategies & Market Trends : Maximum Investing

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To: Robert Scott who wrote (41)	11/12/2002 9:06:16 AM
From: Howard Bennett	Read Replies (1) of 81

>certain pro forma adjustments I'm not an corporate accountant but aren't there two treatments of this? We have the quarterly report (balance sheet, income statement, cash flow) and then there is the TAX treatment of amortizing pro-forma adjustments. It this true? The tax treatment of these adjustments feeds good (or bad) things back to the balance sheet, income statement, cash flow statement for coming quarters. The pro-forma adjustments are for things like goodwill impairment (paid too much for an acquisition).... and other items. Regarding this...I heard that the Bush admin is planning to make changes to accelerate depreciation deduction for technology related expenditures and perhaps the rate at which (from a tax point of view) goodwill can be written off. Also, regarding Japan, they still have some $400 billion in bad loans from their late 1980's bubble. Maybe they didn't accelerate the rate at which pro-form type adjustments could be handled w.r.t. taxes.

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