Adam Albright

On Sat, 28 Apr 2007 17:02:01 -0700, CB <CB@discussions.microsoft.com>
wrote:

>It is common knowledge that corporations will state their earnings in any
>manner they choose, legal or otherwise. They will get a slap on the wrist
>from the IRS or SEC. Try reporting your income in this manner and you will
>spend a few years in a federal prison. However, as "Retired" has pointed out,
>who cares?
>
>"Retired" wrote:
>
>> Those who really need this info already have it. So what's your point?
>>

Public corporations are audited anually and can face stiff fines, even
get de-listed on the major stock exchanges for a whole bunch of
reasons if financial statements are misstated. That isn't to stay
corporations can change the method they report earnnings, that's what
creative accountants are for. Ask Enron. <snicker>