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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?


To: Alan Bell who wrote (1919)7/31/2002 10:57:38 AM
From: Boca_PETE  Respond to of 10065
 
Alan: As I remember, in the case of one of the restatements, the company was reporting trading transactions broad as Gross Revenue and Cost, instead of reporting trading income net on those transactions in Other Income.

Net income is comprised of Revenues, Other Income, Costs, Expenses, and Income Taxes. Any of these items could be restated.

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