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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: milesofstyles who wrote (7218)7/26/1998 11:05:00 PM
From: Sergio H  Read Replies (1) | Respond to of 29382
 
Miles, no problem here. In the example you just cited where Co. A and B decide to account for the acquisition of furniture in a different manner, the accounting is spelled out in the balance sheet
and would not fool most people taking the time to read the balance sheet.

Sergio



To: milesofstyles who wrote (7218)7/26/1998 11:10:00 PM
From: Sergio H  Respond to of 29382
 
I meant to add to my previous post that the transaction that you described, buying of new furniture, is subject to full disclosure and full accounting methodology is required.

Sergio



To: milesofstyles who wrote (7218)9/28/1998 7:54:00 PM
From: milesofstyles  Read Replies (1) | Respond to of 29382
 
can you imagine that...cnbc ran a spot tonite called hocus pocus accounting...seems too many co's are playing the asset/expense game. chairman for the sec now intends to step in as an attempt to force companies to better reflect their handling of such accounting measures. guess what the example given was...of all things...kitchen furniture. sheez!

milesaheadofsecov


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