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Microcap & Penny Stocks : Zia Sun(zsun) -- Ignore unavailable to you. Want to Upgrade?

To: who cares? who wrote (3231)	7/7/1999 8:15:00 AM
From: R.E.B.	Read Replies (1) \| Respond to of 10354

I guess what it tells me is that on a consolidated basis, there are some adjustments that have to be made. These adjustment for financial reporting may be different from the reporting requirements for tax and for may be different for SEC rules. That's why you see the sum of several number on a consolidated financial statement differ from the sum of several numbers reported for tax or reported individually by the different counterparts. In any event, the differences you posted seem immaterial. The gain on marketable securities was properly show and disclosed as other income. I don't know if it "revenues" from operations because I don't know the circumstances surrounding the sale. But it is "income" and was properly footnoted and shown as "other income." Don't sweat the small stuff. You will see a few holes until ZSUN gets their filings in order. Also, you may see some adjustments as we go forward with fully reporting especially with any acquisitions made in the past and accounted for under the pooling of interest method of accounting. You WILL see a restatement for SEC purposes on the Equity method of accounting for the acquisitons which will result in increased book value, but higher amortization of goodwill. Otherwise, its premature to throw the baby out with the water. R.E.B.