The income approach values the metalcaster by converting its earnings
In 1999, the Social Security Administration issued M a notice that it had overpaid his benefits in 1997 by nearly $10,000, because the SE earnings
reported on his 1997 return reduced his Social Security benefits to zero for that year.
come to mind as former telecom high-fliers that reported a string of better-than-expected earnings
that far exceeded underlying performance in operating cash flow.
The concept of Quality of Earnings
goes back to preparers understanding the economic substance of a transaction, then reflecting it properly in the books and records of the company.
One of these illusions is earnings
management, where, for example, financial reports reflect the desires of management--rather than the company's underlying financial performance--in order to meet Wall Street's earnings
In the current environment, earnings
have become an absolute curse, and revenues aren't much better.
Eliminating the earnings
test, which pushes many productive older workers into what amounts to involuntary retirement, is long overdue.
Each of these shortcomings hints at a possible solution-namely, to collect a "longitudinal" earnings
profile for all VR referrals and apply it to a systematic VR program evaluation.
These disparities were due to timing differences between tax depreciation and earnings
and profits depreciation.
305-5(a), under which participation in corporate growth includes a right to receive (1) distributions of current earnings
and (2) proceeds on liquidation.
that it had created a new method for calculating corporate operating earnings