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Thursday, June 05, 2014 2:40:51 PM
The Comparitive (sic) Cash flow Statement says 'cash at end of year,' but I think it means 'cash at end of period,' and shows a date of 3/31/2013 in the second column, and cash of $0, suggesting $0 on 3/31/2013 (different than previously reported to be sure).
The Balance Sheet has a second column heading of 6/30/2013, and shows a balance of $0, suggesting $0 cash on 6/30/2013. But the page heading in upper left corner says B.S. is for 3/31/2014 and 3/31/2013.
But, to your point, the second column of a balance sheet is traditionally the end of the prior year, so could be it means $0 at end of 2013.
For an accountant to present a positive written report on statements with these kinds of typos -- even if better than prior financials -- would be career suicide, IMO. But I know from experience that their are lower cost CPA firms in FL who exercise 'flexibility.'
Hopefully a clean-up will occur when (if, to be sure) an auditor's report is provided.
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