Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (4421)	4/2/1998 10:51:00 AM
From: Boca_PETE	Read Replies (2) \| Respond to of 42834

Kirk: re:< the land might have been purchases in 1970 for $50,000 and now is worth $1,000,000 (just making up numbers). Wouldn't this be the case?> Yes - Fixed assets required to be carried at HISTORICAL COST on the books. However, some international companies are required to translate the local currency historical cost of such fixed assets into U.S. dollars for their consolidated balance sheets (a partial adjustment to current value just related to currency exchange rates). BTW, Brinker's assertion on last weekend's program about "apples and oranges" comparisons under the new FAS 128 standard for computing Earnings per Share was incorrect. Quarterly and annual figures reported by companies in their annual reports under FAS 128 must be RESTATED for all presented prior periods so that all presented periods conform to the new computation rules. The apples and oranges comparisons resulted from analyst estimates prepared under the old computation rules being compared to actual earnings per share reported under the new FAS 128 rule. P