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To: The Duke of URL© who wrote (167108)6/25/2002 8:41:05 PM
From: Jim McMannis  Respond to of 186894
 
Well, stick around, you seem to be able to read between the lines real well.
I'm sure these statements are carefully written...lol

RE:"Our senior management team is shocked by these discoveries," said John Sidgmore, shocked, shocked I tell you and then to find out there is gambling at Rick's!!!"

Hoe Yeah...

Jim



To: The Duke of URL© who wrote (167108)6/26/2002 4:21:17 AM
From: John F. Dowd  Respond to of 186894
 
Duke: For a utility (and WCOM is really no more than a utility) to capitalize an expense is not an unheard of thing to do. I t might have been interest charged to construction (an old Don Cook AEP gambit ) or some other such item wherein expenses are lumped into a project cost and then amortized over the life of the project rather than currently. This is a judgement call that the auditors will have to make, WCOM's old auditors were.... you guessed it.JFD


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