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gilead23

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gilead23

Re: Joe Master post# 38

Monday, 10/02/2006 4:50:49 PM

Monday, October 02, 2006 4:50:49 PM

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Than shouldn't they have accrued the 18% interest charge annually?

I don't believe they did that which I believe is where the discrepency in reserves vs liability was.

Im not an accountant but it seems like if they lost the judgement and were incurring interest expenses it would have been prudent to increase reserves as interest expenses related to the judgement piled up.

When posting on VMC boards all postings should have a symbol in the header and if foreign please post both US and Foreign symbols.

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