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overachiever

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overachiever

Re: waltczyk post# 15588

Thursday, 05/22/2008 2:37:48 PM

Thursday, May 22, 2008 2:37:48 PM

Post# of 20457
How right you are.

if financial statements do not include costs i do not take them to be a fair representation. i would think that any financial statements would have an accrued payable and accrued expense to include any salary not paid. it is a simple debit credit type of thing. Otherwise, companies could make up their own set of accounting principles.

We are apt to shut our eyes against a painful truth... For my part, I am willing to know the whole truth; to know the worst; and to provide for it. --Patrick Henry, Patriot and Hero of the American Revolution

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