Quote:
Originally posted by Atticus Grinch
I think the technical accounting reason is the "If we tell them that, nobody is going to buy the stock" phenomenon that the transactional lawyers tell me is pretty common in preparing SEC papers.
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The technical accounting reason has to do with the specific word choice that was presented. A contingent expenditure budget notation is a footnote, added to a disclosure, that says that, while we are not counting this as a budget item at this point, due to a lack of foundation for inclusion, we recognize that it may arise in the pertinent period and so disclose that possibility now.
Ya'all are having fun, but the bandwagon sarcasm team method of debate has little intellectual merit. As long as you're being your own audience, though, I suppose it works. (Please note that this is addressed, not specifically to this post, but to the overall theme du jour.)
