Reply From: Woodchuck <djvat_private> > Reply From: Don Tobin <dontat_private> > > Therefore, it is very likely the companies did not lie in their > interpretation of what is allowed by law, or mine. Anything expended in > the detection, tracking, and recovery is allowed to be deducted as an > expense, and it likely is if you dig through the several thousand pages of > expense sheets accompanying an annual report. The magnitude of the losses claimed should have mandated their line-item report to the stockholders. Sound accounting practise would mandate their entry into the corporate P&L. Large, one time charges are routine items in annual reports. Events out of the normal run of business need to be reported. I will defer to a CPA on this, but there is something suspicious about claiming a loss to throw a man in jail, but not accounting for it on one's books. You will recall that these losses were far beyond detection and tracking, and that in most cases, there was no "recovery". (I.e. nothing was "taken" or "damaged"). IIRC, among the losses were the complete R&D costs of SunOS. "Losses" like this are among those that have raised eyebrows. Dave -o- Subscribe: mail majordomoat_private with "subscribe isn". Today's ISN Sponsor: OSAll [www.aviary-mag.com]
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