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To: The Duke of URLĀ© who wrote (179974)12/20/2004 11:33:07 PM
From: rkral  Read Replies (1) | Respond to of 186894
 
Duke, re "That is why the present law and for at least the last fifty years requires "proper adjustment to retained earnings"."

LOL. Is that like someone telling me ... "See. I'm putting $2 in your right pocket" while they're taking $1 from my left pocket?

Seriously, I'm not aware of any "adjustments" being made to retained earnings ... other than, e.g., adding current period net income, deducting dividends paid, and deducting stock repurchase amounts. Precisely what are you talking about?

Ron