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To: BWAC who wrote (60817)8/7/2002 10:35:26 AM
From: hueyone  Read Replies (1) | Respond to of 77400
 
<present a consistent set of books to shareholders and IRS>

Please let me add to my post to deal with the unlikely event you were legitimately misled:

Present a consistent set of books to shareholders and IRS with respect to treatment of stock option expense.



To: BWAC who wrote (60817)8/7/2002 11:19:06 AM
From: RetiredNow  Respond to of 77400
 
Agreed. If we were to do it the IRS way, then it would be simple. No expense would be booked until an exercise of the option has occurred. That poses an accounting problem that violates the matching principle.


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