Question:

"ci+" <c…@ciNukeSpam.com> wrote in news:Xns9508880C4E81ci@65.245.115.2: > that must be cuz the govt believes that pics of flag-draped coffins > containing soldiers will hurt troop morale,whiel pics of a dead pres > will improve troop morale..

Zing!

Response:

>he former was mainly luck, and the latter I’d call an unfortunate >development.  But there’s no accounting for taste.  Some people watched >"Friends".

He didn’t influence my life. And, I always thought he was given way too much credit for being the big purveyor of worldwide "freedom." You’ll pooh-pooh it, but I believe that it was the export of American rock and roll that did it, much more so than any one president could claim. We generally give presidents way too much credit when things go well, and way too much blame when they go poorly.

Response:

trance…@aol.com (Trance909) wrote in news:20040614200422.06113.00001046@mb-m17.aol.com: >>he former was mainly luck, and the latter I’d call an unfortunate >>development.  But there’s no accounting for taste.  Some people >>watched "Friends". > He didn’t influence my life. And, I always thought he was given way > too much credit for being the big purveyor of worldwide "freedom." > You’ll pooh-pooh it, but I believe that it was the export of American > rock and roll that did it, much more so than any one president could > claim. We generally give presidents way too much credit when things go > well, and way too much blame when they go poorly.

Agreed. — "So what’s it like being Jewish?" "What’s it like being human?" "Well it’s no cake-walk." (Hill Street Blues)

Response:

>Mostly imaginary.  But people need to have saints and demigods to worship, >it seems, except for those superior ones like myself who do not.

My god, I like your sense of humor more and more with every post. LOL >It’s pretty funny to me how this moron was sanctified…no that’s not the >word…"canonized".  Maybe both.

hehehehehe yes, I have never seen anything like it. I’m glad it’s over, because it was seriously puke-worthy there for a while.

Response:

trance…@aol.com (Trance909) wrote in news:20040615202723.23881.00000036@mb-m28.aol.com: >>Mostly imaginary.  But people need to have saints and demigods to >>worship, it seems, except for those superior ones like myself who do >>not. > My god, I like your sense of humor more and more with every post. LOL

ZARDOZ–IS–PLEASED!   (Some good "Zardoz" .wav’s on dailywav.com…Sounds good when your computer starts up.) >>It’s pretty funny to me how this moron was sanctified…no that’s not >>the word…"canonized".  Maybe both. > hehehehehe yes, I have never seen anything like it. I’m glad it’s > over, because it was seriously puke-worthy there for a while.

I read Margaret Thatcher showed up in a top-hat.  Now *that* I’d like to have seen.

Response:

lm <lmandtheb…@mailandnews.com> in news:r9pgc0d5hijt81njocj0bl6enh2q5jr7ge@4ax.com: > On Thu, 10 Jun 2004 13:36:07 GMT, Prayer Capsule Activation Event > <a…@at.org> wrote: >>lm <lmandtheb…@mailandnews.com> wrote in >>news:ojogc0djejgi22bu8sb06upitvp3r88ioo@4ax.com:

… > We only catch it once or twice a week, so to see a flag-draped coffin > instead of Alex Trebek when I switched to channel 5 irked me. Funny > how we get force-fed a week of Reagan’s flag-draped coffin, but we’re > not allowed to see any flag-draped coffins containing soldiers.

that must be cuz the govt believes that pics of flag-draped coffins containing soldiers will hurt troop morale,whiel pics of a dead pres will improve troop morale.. – Hide quoted text — Show quoted text ->>He just went from 90% brain-dead to 100%.  That’s only 10%! >>And in 1980 he was about 50%.  So it’s not a new trend. > Are you saying it’s unfair that the government gets only tomorrow off? > Maybe they should’ve gotten a day off for every 10%. > lm

Response:

gray_lo…@hotmail.com (Gray Loser) wrote in news:b1b9d578.0406122018.3eab2b8a@posting.google.com: – Hide quoted text — Show quoted text -> Prayer Capsule Activation Event <a…@at.org> wrote in message > <news:Xns950628DC9BDEFfkjdlkvjcxoiuarepoij@68.6.19.6>… >> gray_lo…@hotmail.com (Gray Loser) wrote in >> news:b1b9d578.0406120225.4116537@posting.google.com: >> > This is an election year. And America is desperate for an uplifting >> > hero. >> > Hence, Reagan is retrofitted with some uplifting heroism for the >> > occasion. >> There’s a lovely quote from "Way Up There in the Blue" from a memo by >> a Reagan insider regarding the 1984 planning.  The gist of it was >> that the campaign should ignore all the vital issues of the day and >> focus on Ronnie Gumdrops as the embodiment of [can't recall exact >> phrase] the Amercian Hero Mythos.  Sounds Lovecraftian…maybe it was >> more like ‘American Myth of Heroism’, or something. > Interesting. Presidential campaigns in general aren’t that > complicated. Politicians assume that the average voter has, at best, a > shaky grasp of national and world affairs, so they formulate > easy-to-understand stances on a few highly visible issues (the > national debt is boring; gay marriage is interesting). Or better yet, > forget about issues and just focus on "image."

READ MY LIPS-NO–NEW–TAXES! How many people vote, about 40%?  Which means only 20% are voting for any given candidate.  Weird.

Response:

Prayer Capsule Activation Event <a…@at.org> wrote in message <news:Xns950761A5225CDfkjdlkvjcxoiuarepoij@68.6.19.6>… – Hide quoted text — Show quoted text -> gray_lo…@hotmail.com (Gray Loser) wrote in > news:b1b9d578.0406122018.3eab2b8a@posting.google.com: > > Prayer Capsule Activation Event <a…@at.org> wrote in message > > <news:Xns950628DC9BDEFfkjdlkvjcxoiuarepoij@68.6.19.6>… > >> gray_lo…@hotmail.com (Gray Loser) wrote in > >> news:b1b9d578.0406120225.4116537@posting.google.com: > >> > This is an election year. And America is desperate for an uplifting > >> > hero. > >> > Hence, Reagan is retrofitted with some uplifting heroism for the > >> > occasion. > >> There’s a lovely quote from "Way Up There in the Blue" from a memo by > >> a Reagan insider regarding the 1984 planning.  The gist of it was > >> that the campaign should ignore all the vital issues of the day and > >> focus on Ronnie Gumdrops as the embodiment of [can't recall exact > >> phrase] the Amercian Hero Mythos.  Sounds Lovecraftian…maybe it was > >> more like ‘American Myth of Heroism’, or something. > > Interesting. Presidential campaigns in general aren’t that > > complicated. Politicians assume that the average voter has, at best, a > > shaky grasp of national and world affairs, so they formulate > > easy-to-understand stances on a few highly visible issues (the > > national debt is boring; gay marriage is interesting). Or better yet, > > forget about issues and just focus on "image." > READ MY LIPS-NO–NEW–TAXES! > How many people vote, about 40%?  

About 50% (in the general election). The lowest rate in the developed world, as far as I can tell after skimming through rates for 25 countries in Western Europe and elsewhere.   http://www.idea.int/vt/index.cfm It’s going to drop even further. Senior citizens already vote at around twice the rate of people aged 18-25, and studies show that voting is a lifetime habit (typically, you begin voting either early or never), so when all those old fogies die, we can expect turnout to drop even further. – Hide quoted text — Show quoted text -> Which means only 20% are voting for any > given candidate.  Weird.

Response:

Prayer Capsule Activation Event <a…@at.org> wrote in message <news:Xns950628DC9BDEFfkjdlkvjcxoiuarepoij@68.6.19.6>… – Hide quoted text — Show quoted text -> gray_lo…@hotmail.com (Gray Loser) wrote in > news:b1b9d578.0406120225.4116537@posting.google.com: > > This is an election year. And America is desperate for an uplifting > > hero. > > Hence, Reagan is retrofitted with some uplifting heroism for the > > occasion. > There’s a lovely quote from "Way Up There in the Blue" from a memo by a > Reagan insider regarding the 1984 planning.  The gist of it was that the > campaign should ignore all the vital issues of the day and focus on Ronnie > Gumdrops as the embodiment of [can't recall exact phrase] the Amercian Hero > Mythos.  Sounds Lovecraftian…maybe it was more like ‘American Myth of > Heroism’, or something.

Interesting. Presidential campaigns in general aren’t that complicated. Politicians assume that the average voter has, at best, a shaky grasp of national and world affairs, so they formulate easy-to-understand stances on a few highly visible issues (the national debt is boring; gay marriage is interesting). Or better yet, forget about issues and just focus on "image."

Response:

trance…@aol.com (Trance909) wrote in message <news:20040610220558.15944.00000787@mb-m16.aol.com>… > >Crikey, when some old git kicks the bucket after having being brain-dead > >for 20 years, it AIN’T news.  Wake up and smell the coffee America.  Or > >maybe–YOU CANT HANDLE THE TRUTH!!! > I was never a Reagan fan in political terms, but obviously, someone dying is > rarely a joyous occasion. You have a point, though. The man was 93 years old. > This was not a 15 year old kid dying in a car accident. This was not a tragedy. > He had many more years than most of us get. Alzheimers "took his life"…..well > geez, how long was he expected to live? Until age 156????

This is an election year. And America is desperate for an uplifting hero. Hence, Reagan is retrofitted with some uplifting heroism for the occasion.

Response:

gray_lo…@hotmail.com (Gray Loser) wrote in news:b1b9d578.0406120225.4116537@posting.google.com: > This is an election year. And America is desperate for an uplifting > hero. > Hence, Reagan is retrofitted with some uplifting heroism for the > occasion.

There’s a lovely quote from "Way Up There in the Blue" from a memo by a Reagan insider regarding the 1984 planning.  The gist of it was that the campaign should ignore all the vital issues of the day and focus on Ronnie Gumdrops as the embodiment of [can't recall exact phrase] the Amercian Hero Mythos.  Sounds Lovecraftian…maybe it was more like ‘American Myth of Heroism’, or something. Terrific book, by the way.  Here’s a review for the intrigued: ————————————————————— "Way Out There in the Blue" by Frances FitzGerald The definitive account of Star Wars, the military fantasy that’s soaked taxpayers for $60 billion — and counting. http://tinyurl.com/25q2o ————————————————————–

Response:

Lonely God <sul…@theTHREADkiller.hgea.org> wrote in news:40ca7157$0$90378$39cecf19@news.twtelecom.net: > X-No Archive: yes > Prayer Capsule Activation Event wrote: >> Crikey, when some old git kicks the bucket after having being >> brain-dead for 20 years, it AIN’T news.  Wake up and smell the coffee >> America.  Or maybe–YOU CANT HANDLE THE TRUTH!!! > *raised eyebrow* > Well now let’s compare notes… Reagan helped bring down the Soviet > Union, changed one political party into its present incarnation,

The former was mainly luck, and the latter I’d call an unfortunate development.  But there’s no accounting for taste.  Some people watched "Friends".  and > influenced millions of lives.

Mostly imaginary.  But people need to have saints and demigods to worship, it seems, except for those superior ones like myself who do not. "And here’s a pie chart showing the number of welfare mothers who shoot heroin and drive Cadillacs.  And here’s a study that proves that trees hate people and homeless people like to be homeless." > And you, little sniveling man, sit there > on your fat ass in front of a computer whining about one week out of > your life.

It’s pretty funny to me how this moron was sanctified…no that’s not the word…"canonized".  Maybe both. > Not everything is about you, pal. Really…. >> Let’s get back to children who beat their parents, people  who commit >> suicide in unusual ways and other important anecdotes so’s there’s >> someone to whom we can feel superior.  What’s next–pre-empting Jerry >> Springer? > /me rips out PCAE’s leg and beats him to death with it > Hey Jerry! I got a videotape for you! It’s got lots of blood and > violence… $200 bucks and it’s yours!!

I’d pay to see that.

Response:

trance…@aol.com (Trance909) wrote in news:20040610220901.15944.00000788@mb-m16.aol.com: > Unless the man rose out of the coffin…..there is no "latest > news!"

*giggle*

Response:

X-No Archive: yes Prayer Capsule Activation Event wrote: > Crikey, when some old git kicks the bucket after having being brain-dead > for 20 years, it AIN’T news.  Wake up and smell the coffee America.  Or > maybe–YOU CANT HANDLE THE TRUTH!!!

*raised eyebrow* Well now let’s compare notes… Reagan helped bring down the Soviet Union, changed one political party into its present incarnation, and influenced millions of lives. And you, little sniveling man, sit there on your fat ass in front of a computer whining about one week out of your life. Not everything is about you, pal. > Let’s get back to children who beat their parents, people  who commit > suicide in unusual ways and other important anecdotes so’s there’s someone > to whom we can feel superior.  What’s next–pre-empting Jerry Springer?

/me rips out PCAE’s leg and beats him to death with it Hey Jerry! I got a videotape for you! It’s got lots of blood and violence… $200 bucks and it’s yours!! — The only people for me are the mad ones, the ones who are mad to live, mad to talk, mad to be saved… the ones who… burn,  burn like fabulous yellow roman candles exploding like pop and everybody goes "aww!"  ~Jack Kerouac Meet other Shybies in person-  http://shyness.meetup.com/

Response:

trance…@aol.com (Trance909) wrote in news:20040610220558.15944.00000787@mb-m16.aol.com: >>Crikey, when some old git kicks the bucket after having being >>brain-dead for 20 years, it AIN’T news.  Wake up and smell the coffee >>America.  Or maybe–YOU CANT HANDLE THE TRUTH!!! > I was never a Reagan fan in political terms, but obviously, someone > dying is rarely a joyous occasion. You have a point, though. The man > was 93 years old. This was not a 15 year old kid dying in a car > accident. This was not a tragedy. He had many more years than most of > us get. Alzheimers "took his life"…..well geez, how long was he > expected to live? Until age 156????

This ditz I worked with in grad school for a bit said one day, "Oh Reagan has Alzheimer’s how sad…"  That’s pretty much what I thought then–he was the Forrest Gump of American politics, hard to see his life as a tragedy in any way, shape, or form. Now when Chris Farley died…

Response:

>From: trance…@aol.com  (Trance909) >Yeah, I know. But that’s not even my problem with it. 93 year old man dies. >Hardly seems newsworthy, does it? I turn on the news radio stations and I >hear >promises for "THE LATEST on PRESIDENT REAGAN’S PASSING"…..the latest?? Are >you kidding me? Unless the man rose out of the coffin…..there is no "latest >news!" >What passes for journalism/news reporting these days is just really, really >poor.

Yep, the coverage was quite appalling. I was watching Fox News at my moms and someone was relating a Reagan story, and they interrupted him for a quick shot of the hearse pulling away. And all the helicopters hovering over their house, utterly disgraceful.

Response:

lm <lmandtheb…@mailandnews.com> wrote in news:r9pgc0d5hijt81njocj0bl6enh2q5jr7ge@4ax.com: – Hide quoted text — Show quoted text -> On Thu, 10 Jun 2004 13:36:07 GMT, Prayer Capsule Activation Event > <a…@at.org> wrote: >>lm <lmandtheb…@mailandnews.com> wrote in >>news:ojogc0djejgi22bu8sb06upitvp3r88ioo@4ax.com: >>> On Thu, 10 Jun 2004 13:25:41 GMT, Prayer Capsule Activation Event >>> <a…@at.org> wrote: >>>>Crikey, when some old git kicks the bucket after having being >>>>brain-dead for 20 years, it AIN’T news.  Wake up and smell the coffee >>>>America.  Or maybe–YOU CANT HANDLE THE TRUTH!!! >>>>Let’s get back to children who beat their parents, people  who commit >>>>suicide in unusual ways and other important anecdotes so’s there’s >>>>someone to whom we can feel superior.  What’s next–pre-empting Jerry >>>>Springer? >>> They pre-empted Jeopardy! last night. I was not amused. >>:) >>Stopped watching that show years ago, just feeds my inferiority complex. > We only catch it once or twice a week, so to see a flag-draped coffin > instead of Alex Trebek when I switched to channel 5 irked me. Funny > how we get force-fed a week of Reagan’s flag-draped coffin, but we’re > not allowed to see any flag-draped coffins containing soldiers. >>He just went from 90% brain-dead to 100%.  That’s only 10%! >>And in 1980 he was about 50%.  So it’s not a new trend. > Are you saying it’s unfair that the government gets only tomorrow off? > Maybe they should’ve gotten a day off for every 10%. > lm

Tonight’s Late Movie: THE PRESIDENT’S BRAIN IS MISSING! http://www.dailywav.com/0699/hisbrain.wav http://www.dailywav.com/0699/deadjim.wav http://www.dailywav.com/sq.html

Response:

>Crikey, when some old git kicks the bucket after having being brain-dead >for 20 years, it AIN’T news.  Wake up and smell the coffee America.  Or >maybe–YOU CANT HANDLE THE TRUTH!!!

I was never a Reagan fan in political terms, but obviously, someone dying is rarely a joyous occasion. You have a point, though. The man was 93 years old. This was not a 15 year old kid dying in a car accident. This was not a tragedy. He had many more years than most of us get. Alzheimers "took his life"…..well geez, how long was he expected to live? Until age 156????

Response:

>Funny >how we get force-fed a week of Reagan’s flag-draped coffin, but we’re >not allowed to see any flag-draped coffins containing soldiers.

Yeah, I know. But that’s not even my problem with it. 93 year old man dies. Hardly seems newsworthy, does it? I turn on the news radio stations and I hear promises for "THE LATEST on PRESIDENT REAGAN’S PASSING"…..the latest?? Are you kidding me? Unless the man rose out of the coffin…..there is no "latest news!" What passes for journalism/news reporting these days is just really, really poor.

Response:

On Thu, 10 Jun 2004 13:36:07 GMT, Prayer Capsule Activation Event – Hide quoted text — Show quoted text -<a…@at.org> wrote: >lm <lmandtheb…@mailandnews.com> wrote in >news:ojogc0djejgi22bu8sb06upitvp3r88ioo@4ax.com: >> On Thu, 10 Jun 2004 13:25:41 GMT, Prayer Capsule Activation Event >> <a…@at.org> wrote: >>>Crikey, when some old git kicks the bucket after having being >>>brain-dead for 20 years, it AIN’T news.  Wake up and smell the coffee >>>America.  Or maybe–YOU CANT HANDLE THE TRUTH!!! >>>Let’s get back to children who beat their parents, people  who commit >>>suicide in unusual ways and other important anecdotes so’s there’s >>>someone to whom we can feel superior.  What’s next–pre-empting Jerry >>>Springer? >> They pre-empted Jeopardy! last night. I was not amused. >:) >Stopped watching that show years ago, just feeds my inferiority complex.

We only catch it once or twice a week, so to see a flag-draped coffin instead of Alex Trebek when I switched to channel 5 irked me. Funny how we get force-fed a week of Reagan’s flag-draped coffin, but we’re not allowed to see any flag-draped coffins containing soldiers. >He just went from 90% brain-dead to 100%.  That’s only 10%! >And in 1980 he was about 50%.  So it’s not a new trend.

Are you saying it’s unfair that the government gets only tomorrow off? Maybe they should’ve gotten a day off for every 10%. lm

Response:

lm <lmandtheb…@mailandnews.com> wrote in news:ojogc0djejgi22bu8sb06upitvp3r88ioo@4ax.com: > On Thu, 10 Jun 2004 13:25:41 GMT, Prayer Capsule Activation Event > <a…@at.org> wrote: >>Crikey, when some old git kicks the bucket after having being >>brain-dead for 20 years, it AIN’T news.  Wake up and smell the coffee >>America.  Or maybe–YOU CANT HANDLE THE TRUTH!!! >>Let’s get back to children who beat their parents, people  who commit >>suicide in unusual ways and other important anecdotes so’s there’s >>someone to whom we can feel superior.  What’s next–pre-empting Jerry >>Springer? > They pre-empted Jeopardy! last night. I was not amused.

Stopped watching that show years ago, just feeds my inferiority complex. > lm

He just went from 90% brain-dead to 100%.  That’s only 10%! And in 1980 he was about 50%.  So it’s not a new trend.

Response:

Crikey, when some old git kicks the bucket after having being brain-dead for 20 years, it AIN’T news.  Wake up and smell the coffee America.  Or maybe–YOU CANT HANDLE THE TRUTH!!! Let’s get back to children who beat their parents, people  who commit suicide in unusual ways and other important anecdotes so’s there’s someone to whom we can feel superior.  What’s next–pre-empting Jerry Springer?

Response:

On Thu, 10 Jun 2004 13:25:41 GMT, Prayer Capsule Activation Event <a…@at.org> wrote: >Crikey, when some old git kicks the bucket after having being brain-dead >for 20 years, it AIN’T news.  Wake up and smell the coffee America.  Or >maybe–YOU CANT HANDLE THE TRUTH!!! >Let’s get back to children who beat their parents, people  who commit >suicide in unusual ways and other important anecdotes so’s there’s someone >to whom we can feel superior.  What’s next–pre-empting Jerry Springer?

They pre-empted Jeopardy! last night. I was not amused. lm

Response:

Question:

I will appreciate if someone could tell me were to find an accounting chart of accounts for an airline. I know that airlines due to the nature of their business, have specific requirements regarding its accounting procedures. I need this information for a future job in the accounting department of a regional airline and will like to have an idea before starting. Thanks in advance for your help Livianin

Response:

I need this information for a future job in the accounting department of a regional airline and will like to have an idea before starting.

Except for federal regulations (if any apply), the chart of accounts at Delta would be a tad different than the chart of accounts at Air Jamaica. Why don’t you just let the future employer train you the way they want you trained. — Paul A. Thomas, CPA, PC Athens, Georgia

Response:

I know that your suggestion is the right thing to do. I just wanted to have an idea of what they were going to be talking about and not be totally lost.

Response:

Question:

Is there a free "type" of Sage accounting software available? Tia

Response:

There are some demos of their products here in the US. — Jack Hatfield Quickbooks, MAS90 & BusinessWorks Tech Support by phone without the waits and hassles of big call centers Affordable rates call or write for a pleasant surprise. Greentop MO 63546 660-949-2416

– Hide quoted text — Show quoted text – Is there a free "type" of Sage accounting software available? Tia

Response:

Question:

Is there a general rule for expensing vs.depreciating an album or project for a company that creates/ releases it? How many years for depreciation, if that’s the way it should be done?

The costs to produce and engineer the recordings (your studio & mixing time) are capital assets amortizable over 15 years.  See Section 197(e)(4)(A) or Regulations 1.197.2(c)(4).  My take on this includes the artwork and photography for a jacket liner too.  Basically all the costs from the day you walk into the studio until you take it to the press.  Any costs incurred to burn the CD’s, press albums, or produce tapes (manufacturing costs) for resale are inventory and treated as such. We handle tax and accounting related issues for the music industry, so if you have other specific questions, please let me know. — Paul A. Thomas, CPA Athens,  Georgia http://www.pat-cpa.com Path: news.sol.net!spool0-nwblwi.newsops.execpc.com!newsfeeds.sol.net!news-out.vi si.com!hermes.visi.com!news.maxwell.syr.edu!netnews.com!xfer02.netnews.com! dc1.nntp.concentric.net!sjc1.nntp.concentric.net!newsfeed.concentric.net!ne wsfeed.ozemail.com.au!ozemail.com.au!not-for-mail Newsgroups: alt.accounting Organization: The World’s Usenet — http://www.Supernews.com X-No-Archive: yes Lines: 2 NNTP-Posting-Host: wonenara.ozemail.com.au Distribution: world This message was cancelled from within Mozilla.

Response:

Is there a general rule for expensing vs.depreciating an album or project for a company that creates/releases it? How many years for depreciation, if that’s the way it should be done? Thanks! Tony

Response:

Is there a general rule for expensing vs.depreciating an album or project for a company that creates/ releases it? How many years for depreciation, if that’s the way it should be done?

The costs to produce and engineer the recordings (your studio & mixing time) are capital assets amortizable over 15 years.  See Section 197(e)(4)(A) or Regulations 1.197.2(c)(4).  My take on this includes the artwork and photography for a jacket liner too.  Basically all the costs from the day you walk into the studio until you take it to the press.  Any costs incurred to burn the CD’s, press albums, or produce tapes (manufacturing costs) for resale are inventory and treated as such. We handle tax and accounting related issues for the music industry, so if you have other specific questions, please let me know. — Paul A. Thomas, CPA Athens,  Georgia http://www.pat-cpa.com

Response:

Question:

- Hide quoted text — Show quoted text – Well then do we run IPO(s) and all share issues throught the income statement? I don’t understand the connection. I dunno, actually I *do* run share issuances through the income statement, when they are shares issued for services. Shares for an acquistion generally creates goodwill, which used to be amortized, and now if impaired *is* to be run through the P & L.  There are only a few ways to avoid running the shares though P & L, AFAIK.  Issuing options is one of them. So, the connection looks pretty clear to me! To the best of my knowledge, your statement is correct, however I am not attempting to discuss what GAAP is or in not, rather what GAAP should or should not be. In my opinion, the accounting treatment for the cost of an acquired item or service should be determined by the nature of the item or service acquired, not by the form of payment used to acquire it.  In my opinion, labor cost is labor cost, whether it is paid for with dollars, pounds, francs, rupees, script, barter, or stock options.

Hi Jim, I totally agree.  For the past four years I’ve observed small start-ups issue options to consultants as part of the compensation.   The options were issued as opposed to stock for two reasons, to get around recording expense for the company and to bring funds in, which occurs upon exercise.  These people are not working for free or for the reduced rate that the cash outflow represents. It’s ridiculous that their compensation can be treated as though they were working for that price. I think US-GAAP, with the exception of not requiring the option awards to be recorded, is pretty good on the recording of stock issuances, which is why I go back to it.  I also think the option accounting represents a significant discrepancy with the other stock compensation.  It is not as though we don’t know how to value options.  I think it’s good to reference the ideal back to what already exists. Likewise, costs associated with the issuance of stock is costs associated with the issuance of stock, regardless of how paid. The amortization / impairment issue is a another keg of snakes.

This probably a discussion for another day.  I don’t know how many $$ of intangibles I have asked people to writeoff.  Most of our clients have used poolings so I don’t see a lot of goodwill.   What little I’ve seen was just so hard to justify it was an immediate writedown.   — Jim Hudspeth, CFE, CPA http://home.att.net/~jdhcpa/mainpage.html Washington, USA

– sarah clark When you forget yourself and are united with your task, that is your liberation.  If there is a milestone of realization on the path, well and good, but it is in the continued practice of uniting with your work that you turn the wheel of the Dharma for yourself, for the Sangha, and for the world.   — robert aitken

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- Hide quoted text — Show quoted text – Well then do we run IPO(s) and all share issues throught the income statement? I don’t understand the connection. I dunno, actually I *do* run share issuances through the income statement, when they are shares issued for services. Shares for an acquistion generally creates goodwill, which used to be amortized, and now if impaired *is* to be run through the P & L.  There are only a few ways to avoid running the shares though P & L, AFAIK.  Issuing options is one of them. So, the connection looks pretty clear to me!

To the best of my knowledge, your statement is correct, however I am not attempting to discuss what GAAP is or in not, rather what GAAP should or should not be. In my opinion, the accounting treatment for the cost of an acquired item or service should be determined by the nature of the item or service acquired, not by the form of payment used to acquire it.  In my opinion, labor cost is labor cost, whether it is paid for with dollars, pounds, francs, rupees, script, barter, or stock options. Likewise, costs associated with the issuance of stock is costs associated with the issuance of stock, regardless of how paid. The amortization / impairment issue is a another keg of snakes. — Jim Hudspeth, CFE, CPA http://home.att.net/~jdhcpa/mainpage.html Washington, USA

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When you here only one small part of a dialog it can be puzzling.

<snip So, frankly, your comment is puzzling.)

<snip

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Well then do we run IPO(s) and all share issues throught the income statement?

I don’t understand the connection. — Jim Hudspeth, CFE, CPA http://home.att.net/~jdhcpa/mainpage.html Washington, USA

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Well then do we run IPO(s) and all share issues throught the income statement? I don’t understand the connection.

I dunno, actually I *do* run share issuances through the income statement, when they are shares issued for services. Shares for an acquistion generally creates goodwill, which used to be amortized, and now if impaired *is* to be run through the P & L.  There are only a few ways to avoid running the shares though P & L, AFAIK.  Issuing options is one of them. So, the connection looks pretty clear to me!

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Well then do we run IPO(s) and all share issues throught the income statement?

– Hide quoted text — Show quoted text -<snip I can certainly accept the notion that honest people can disagree on the specifics regarding this issue.  I do, however, believe that full and obvious disclosure is necessary, and that this cost should go through the income statement AT SOME POINT IN TIME.  This is particularly true when stock options are broadly used as a component of compensation. — Jim Hudspeth, CFE, CPA http://home.att.net/~jdhcpa/mainpage.html Washington, USA

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I don’t disagree with the concept of  "full disclosure" nor do I disagree that share issues are a "costless" event. I do have a problem with calling that action an "expense".  Often when options are granted the price is different than when they are issued so a "cost value" in the Income statement would mean little.  

What’s the problem with fair-valuing the award, based on an option pricing model, with disclosure of the assumptions? (which, is a required *disclosure* for options right now.  So is the number granted.  All of this disclosure you request exists at present.   So, frankly, your comment is puzzling.)  It’s a ridiculous compromise: you have to compute the expense, tell everyone what it is, but you don’t have to post it, except in certain circumstances.  I didn’t think that there was any dispute over whether or not it was an expense. I thought the dispute was over the value of the expense (zero, or something greater than zero). The amount of shares issued may mean more than the dollar value. Discloser should reveal material facts in full. Placing a value in "expense" fails too many tests.  If the options granted are significant and could impact market/share value the best way to cover that is in the notes. Perhaps a "Dilution Statement" should be added?

To my mind, diluted earnings per share covers this. – Hide quoted text — Show quoted text – Jim I for one am satisfied (more or less) with the Financial Statements the way they are. We are all entitled to our opinion.  Hopefully we can disagree agreeably. There are many potential and real costs / liabilities that do not show on the financial statement and there are many none existing assets that do show on the Financial Statements. Option are one of those. A collection of "wrongs" does not add up to a "right". While the article is trying to make a point but subject deserves better treatment (in a site called "electronic accountant")  than a rant. I won’t argue that point, however I tend to overlook writing style as long as I understand it. I think a better idea is that anyone who wishes to buy-sell on capital markets has to take and pass some training. Now THAT is a novel idea. But like requiring and enforcing responsibility before procreation, it is not likely to happen. — Jim Hudspeth, CFE, CPA http://home.att.net/~jdhcpa/mainpage.html Washington, USA

–   — Don McLean

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I don’t disagree with the concept of  "full disclosure" nor do I disagree that share issues are a "costless" event. I do have a problem with calling that action an "expense".  Often when options are granted the price is different than when they are issued so a "cost value" in the Income statement would mean little.  The amount of shares issued may mean more than the dollar value. Discloser should reveal material facts in full. Placing a value in "expense" fails too many tests.  If the options granted are significant and could impact market/share value the best way to cover that is in the notes. Perhaps a "Dilution Statement" should be added? nor do I disagree that share issues are a "costless" event?

I am a bit confused here.  Your context does not appear to agree with your details. Are you saying that you believe the issuance of stock options is in fact a "costless" event? I can certainly accept the notion that honest people can disagree on the specifics regarding this issue.  I do, however, believe that full and obvious disclosure is necessary, and that this cost should go through the income statement AT SOME POINT IN TIME.  This is particularly true when stock options are broadly used as a component of compensation. — Jim Hudspeth, CFE, CPA http://home.att.net/~jdhcpa/mainpage.html Washington, USA

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I don’t disagree with the concept of  "full disclosure" nor do I disagree that share issues are a "costless" event. I do have a problem with calling that action an "expense".  Often when options are granted the price is different than when they are issued so a "cost value" in the Income statement would mean little.  The amount of shares issued may mean more than the dollar value. Discloser should reveal material facts in full. Placing a value in "expense" fails too many tests.  If the options granted are significant and could impact market/share value the best way to cover that is in the notes. Perhaps a "Dilution Statement" should be added?

– Hide quoted text — Show quoted text – Jim I for one am satisfied (more or less) with the Financial Statements the way they are. We are all entitled to our opinion.  Hopefully we can disagree agreeably. There are many potential and real costs / liabilities that do not show on the financial statement and there are many none existing assets that do show on the Financial Statements. Option are one of those. A collection of "wrongs" does not add up to a "right". While the article is trying to make a point but subject deserves better treatment (in a site called "electronic accountant")  than a rant. I won’t argue that point, however I tend to overlook writing style as long as I understand it. I think a better idea is that anyone who wishes to buy-sell on capital markets has to take and pass some training. Now THAT is a novel idea. But like requiring and enforcing responsibility before procreation, it is not likely to happen. — Jim Hudspeth, CFE, CPA http://home.att.net/~jdhcpa/mainpage.html Washington, USA

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Jim I for one am satisfied (more or less) with the Financial Statements the way they are.

We are all entitled to our opinion.  Hopefully we can disagree agreeably. There are many potential and real costs / liabilities that do not show on the financial statement and there are many none existing assets that do show on the Financial Statements. Option are one of those.

A collection of "wrongs" does not add up to a "right". While the article is trying to make a point but subject deserves better treatment (in a site called "electronic accountant")  than a rant.

I won’t argue that point, however I tend to overlook writing style as long as I understand it. I think a better idea is that anyone who wishes to buy-sell on capital markets has to take and pass some training.

Now THAT is a novel idea. But like requiring and enforcing responsibility before procreation, it is not likely to happen. — Jim Hudspeth, CFE, CPA http://home.att.net/~jdhcpa/mainpage.html Washington, USA

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Accounting Today, Aug. 20 – Sep. 2, 2001 The Spirit of Accounting We really, really hate to say it, but… We told you so. by Paul B.W. Miller and Paul R. Bahnson <snip <snip All of us – investors, Wall Street analysts, journalists – help them do it. By ignoring the numbers that are out there, albeit squirreled away in footnotes, we’ve become a nation of options-abuse enablers." <snip Fox offers up this summary: "So, here’s a lesson for investors: when a company hands out tens of millions of options every year and contends through its earnings statement that the things cost nothing, it is telling – there’s really no other way to put this – a big stinking lie." <snip http://www.electronicaccountant.com/html/atoday/082001as-2.htm — — Jim Hudspeth, CFE, CPA http://home.att.net/~jdhcpa/mainpage.html Washington, USA

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Jim I for one am satisfied (more or less) with the Financial Statements the way they are.  There are many potential and real costs / liabilities that do not show on the financial statement and there are many none existing assets that do show on the Financial Statements. Option are one of those. While the article is trying to make a point but subject deserves better treatment (in a site called "electronic accountant")  than a rant. "It is silly to think that leaving a real expense off an income statement will convince capital markets that there is no such expense." Any of many words that could have been used would be better than "expense". "If you think how much more money CEOs have gotten because there isn’t an earnings charge for options, it blows your mind." What blows my mind is people who only tell one side of the story. (when they should know better) Throughout the article they rant about "compensation expense" well its not an expense but it is a cost and it is recognized in the notes which is a vital part of the Financial Statements. I have seen financial statements with "Mineral properties" listed in assets for millions of  $$. The millions consisted of a drilling program that was done on those properties. In real terms the properties had no value. Investing is a complex business. Financial Statements tell a story but only part of the story. I just love the modifiers rant writers use – "innocent stockholders" The use of innocent implies "innocent or guilty" which implies that the "Mangers" are guilty criminals. There is a cost to the issuing of shares. I do not think it should be classed as an expense but if we want to show it as an expense put it on its own perhaps after taxes and Net Income. I think a better idea is that anyone who wishes to buy-sell on capital markets has to take and pass some training.

– Hide quoted text — Show quoted text – Accounting Today, Aug. 20 – Sep. 2, 2001 The Spirit of Accounting We really, really hate to say it, but… We told you so. by Paul B.W. Miller and Paul R. Bahnson <snip <snip All of us – investors, Wall Street analysts, journalists – help them do it. By ignoring the numbers that are out there, albeit squirreled away in footnotes, we’ve become a nation of options-abuse enablers." <snip Fox offers up this summary: "So, here’s a lesson for investors: when a company hands out tens of millions of options every year and contends through its earnings statement that the things cost nothing, it is telling – there’s really no other way to put this – a big stinking lie." <snip http://www.electronicaccountant.com/html/atoday/082001as-2.htm — — Jim Hudspeth, CFE, CPA http://home.att.net/~jdhcpa/mainpage.html Washington, USA

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Question:

Uhh, what’s a record player?  What does this have to do with sports?  And which way is clockwise? The digits just flash… – Hide quoted text — Show quoted text – Your finding that your Vector inverter is running at 50 Hz is disturbing.  I just bought a 1000 watt Vector but haven’t hooked it up yet so don’t know if it runs correctly or not. Any ideas on how to check it out without a scope?  Maybe hook up a clock for 24 hours and see if it runs 20% slow or something? Gene Sampson Gene, many modern electric clocks draw their power from a storage battery – so you may get a wrong reading.  Try a record player, you’ll hear it immediately. — Carl A. http://pages.prodigy.net/chainnj/Journal.htm

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John, are you sure you didn’t store that inverter too close to your supply of lantern mantles?  The radioactive ones, that is.  Perhaps they are causing frequency decay… – Hide quoted text — Show quoted text – It might be interesting for anyone else who has the capability to measure frequency to check their cheap inverter and see what frequency it is running at. I have one (300w, 500w peak — or so the label says) I paid about $75 for about four years ago. Don’t know if that qualifies as cheap. Chinese-made, ordered from DAK (whatever happened to them?). I just went out and put my Good Governor on it, and it was putting out at 58 Hz (118 volts steady) with no other load. GB in NC

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Uhh, what’s a record player?  What does this have to do with sports?  And which way is clockwise? The digits just flash…

Which way is clockwise? Simple the direction the CD turns.

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- Hide quoted text — Show quoted text – Uhh, what’s a record player?  What does this have to do with sports?  And which way is clockwise? The digits just flash… Watch the news for a little while. Republican spin is clockwise. — bill Theory don’t mean squat if it don’t work. Unless it’s south of the equator. <g Sorry Bill, couldn’t resist. Hugh A Democrat is nothing more than a Republican whose mind has gone south. — bill Theory don’t mean squat if it don’t work.

Touch

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She’s going to spend a couple years pasting bits of paper together, AND she gets a business degree for it??? Aw, dammit! And I learned accounting???? Carl ‘Wesistance is futiwe! Pwepawe to be assimiwated! Huh-uh-uh’- Elmer of Borg Got questions?  Get answers over the phone at Keen.com. Up to 100 minutes free! http://www.keen.com

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i am about to enter colage any tips on courses to take?

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Question:

Hi, these are specific questions to Canada I notice you have no respomse It appears that you are in it over your head 2 choices, get out, or ask Government Agencies/other charities/Accountants for help, NOT the net!!

I have an information booklet from my accounting association (I’m a CGA student) for not-for-profits…I just wanted to see how actual practitioners handle this. Thanks though, Marija

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I have some very limited experience with Canadian taxes, so I would suggest you get the definitive answers from the respective authorities.  If this is an established business these questions should be just a matter of looking at the past records.  If a new concern, then the GST is a quarterly filing that offsets GST from purchases, sales, sales tax.  After adding GST from sales and the sales tax, deduct this number from the GST on purchases.  The difference is the amount due to or from the taxing authority. This is based on a for profit business enterprise, so the rules may be different for non-profits.  Like I said before, check with the authorities. Jerry

– Hide quoted text — Show quoted text – Hello All: Hope someone can answer some of my questions. I’ve just been elected to be treasurer of a not-for-profit community group (non-religious) and I have some questions about taxation. I live in Toronto, Canada, so my questions are: 1. Do we declare income to Revenue Canada and pay income tax? If we pay income tax, when do we start paying? When we make a certain amount, or as soon as there is a net profit/takings? 2. What about GST? Do we need to get a GST number? At what level should we start remitting to the Receiver General? Can I claim the GST we paid against the GST collected from customers/patrons? 3. What about finding out about Government grants? Where do I go about finding such information? Thank you all, Marija

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Hi, these are specific questions to Canada I notice you have no respomse It appears that you are in it over your head 2 choices, get out, or ask Government Agencies/other charities/Accountants for help, NOT the net!!

try http://www.ccra-adrc.gc.ca/menu-e.html for govt agencies <snip — sarah clark I am aware that the conclusions arrived at in this work will be denounced by some as highly irreligious; but he who denounces them is bound to shew why it is more irreligious to explain the origin of man as a distinct species by descent from some lower form, through the laws of variation and natural selection, than to explain the birth of the individual through the laws of ordinary reproduction. —Charles Darwin

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Hi, these are specific questions to Canada I notice you have no respomse It appears that you are in it over your head 2 choices, get out, or ask Government Agencies/other charities/Accountants for help, NOT the net!! Peter

– Hide quoted text — Show quoted text – Hello All: Hope someone can answer some of my questions. I’ve just been elected to be treasurer of a not-for-profit community group (non-religious) and I have some questions about taxation. I live in Toronto, Canada, so my questions are: 1. Do we declare income to Revenue Canada and pay income tax? If we pay income tax, when do we start paying? When we make a certain amount, or as soon as there is a net profit/takings? 2. What about GST? Do we need to get a GST number? At what level should we start remitting to the Receiver General? Can I claim the GST we paid against the GST collected from customers/patrons? 3. What about finding out about Government grants? Where do I go about finding such information? Thank you all, Marija

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Hello All: Hope someone can answer some of my questions. I’ve just been elected to be treasurer of a not-for-profit community group (non-religious) and I have some questions about taxation. I live in Toronto, Canada, so my questions are: 1. Do we declare income to Revenue Canada and pay income tax? If we pay income tax, when do we start paying? When we make a certain amount, or as soon as there is a net profit/takings? 2. What about GST? Do we need to get a GST number? At what level should we start remitting to the Receiver General? Can I claim the GST we paid against the GST collected from customers/patrons? 3. What about finding out about Government grants? Where do I go about finding such information? Thank you all, Marija

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Question:

Hi, does anyone know how to solve Cost accounting T-account type questions?  I solutions asap if you can help me out. i’ve posted a couple of questions below…  i hope my pathletic attempt to draw the t-accounts work… thanks.

The time you have spent typing this E-mail and sending it three times could have been used reading the material and doing the work yourself.  Sorry i’m cynical – I am taking classes myself, and find I cannot learn unless I DO it! — Cary Hedrick, Accountant "You may soar with eagles, but weasles don’t get caught in jet engines." (

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Hi, does anyone know how to solve Cost accounting T-account type questions?  I solutions asap if you can help me out. i’ve posted a couple of questions below…  i hope my pathletic attempt to draw the t-accounts work… thanks. Q. 1 Use the following information and the T-accounts to solve for the required amounts – all of the information relates to the month of Sept, 1991 – Supplies used: $18,000 – Overhead application rate: 50%  of direct labour costs – All sales were on account – Miscellaneous overhead costs: $22,000 – Direct Labour Cost $200,000 – Markup cost: 25% – The accounts payable account is used only for purchase of stores. – Collection of accounts receivable: $520,000 – Over-applied overhead: $5,000 Use the T accounts to calculate the following: a. overhead applied b. sales c. cost of goods sold d. cost of goods manufactured e. direct materials used f. payment of accounts payable g. indirect labour T accounts: Materials 27,000  |         |         |         | 39,000 Work in Process 8,000  |        |        | 15,000 Finished Goods 11,000  |         |         | 24,000 Cost of Goods Sold          |          |          |          | Overhead Applied          |          |          |          | Overhead Control          |          |          |          |          | Accounts Receivable 55,000  |         |         |         | 35,000 Pre-paid Factory Insurance 6,000   |         |         |         | 4,000 Accrued Factory Payroll          |25,000          |          |          |                 37,000 Accounts Payable          |16,000          |          |          |            21,000 Accumulated Depreciation Manufacturing Equipment                      | 92,000                      |                      |                      |                        105,000

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Question:

Hello, I had a PC that was running DOS 6 and Windows 3.1, connecting to and running Great Plains Accounting version 7 for DOS  from a Novell server.  This worked fine. But when I upgraded the PC and put in Windows NT Workstation 4.0, GPS stopped working.  The startup screen comes up but it kicks me out to DOS right away. Is there a compatibility problem with NT? Thanks.

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Betcha got caught by the "ain’t no btrieve" bug. Netware has a run-time btrieve and I believe your system uses btrieve. No btrieve; no system running. Hopefully, someone will know its a different problem. Otherwise, the solution is to buy btrieve. Not fun. Dana

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Dana suggested you need Btrieve.  I’m guessing that’s partially true, but I doubt your version of Great Plains will be able to use the Btrieve engine that runs on NT.  If you are also using an old enough version of Great Plains to run on Windows 3.1, it may be a 16-bit program, which would be another problem.  I’m afraid your solution may be to upgrade to the latest from GPS. David Blumhorst DBConsulting – Hide quoted text — Show quoted text – Hello, I had a PC that was running DOS 6 and Windows 3.1, connecting to and running Great Plains Accounting version 7 for DOS  from a Novell server.  This worked fine. But when I upgraded the PC and put in Windows NT Workstation 4.0, GPS stopped working.  The startup screen comes up but it kicks me out to DOS right away. Is there a compatibility problem with NT? Thanks.

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I can’t remember the exact version numbers, but I don’t believe that Great Plains Accounting became compatible with Windows NT until either verison 7.1 or 8.0.  The current version 9.1 definately is.  You might want to consider upgrading, especially since Great Plains no longer supports version 7.0 anyway. Alan C. Whitehouse The Resource Group Renton, WA Great Plains Software VAR & ISV – Hide quoted text — Show quoted text – Dana suggested you need Btrieve.  I’m guessing that’s partially true, but I doubt your version of Great Plains will be able to use the Btrieve engine that runs on NT.  If you are also using an old enough version of Great Plains to run on Windows 3.1, it may be a 16-bit program, which would be another problem.  I’m afraid your solution may be to upgrade to the latest from GPS. David Blumhorst DBConsulting Hello, I had a PC that was running DOS 6 and Windows 3.1, connecting to and running Great Plains Accounting version 7 for DOS  from a Novell server.  This worked fine. But when I upgraded the PC and put in Windows NT Workstation 4.0, GPS stopped working.  The startup screen comes up but it kicks me out to DOS right away. Is there a compatibility problem with NT? Thanks.

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