Would that make it any better for my mother to lose the money she has been earning
by lessons for four years, that she might send Alfred to Mr.
It would be but fair to them to say that the little boy was delighted with his work, and at the idea of earning
a lot of money; and also that the two were very much in love with each other.
His conversational powers and surprising performances were the universal theme: and as many persons came to see the wonderful raven, and none left his exertions unrewarded--when he condescended to exhibit, which was not always, for genius is capricious--his earnings
formed an important item in the common stock.
And then Joe, with the air of a Monte Cristo, drew forth a ten, a five, a two and a one--all legal tender notes--and laid them beside Delia's earnings
Scape, lately admitted partner into the great Calcutta House of Fogle, Fake, and Cracksman, in which poor Scape had embarked seventy thousand pounds, the earnings
of a long and honourable life, taking Fake's place, who retired to a princely park in Sussex (the Fogles have been long out of the firm, and Sir Horace Fogle is about to be raised to the peerage as Baron Bandanna)--admitted, I say, partner into the great agency house of Fogle and Fake two years before it failed for a million and plunged half the Indian public into misery and ruin.
Since most businesses, including metalcasters, have total value in excess of their net assets, this approach normally is used only in situations where the business is losing money or its earnings
do not support its net assets.
The issue is whether the SE earnings
reported on M's 1997 Form 1040, for which he received no cash in 1997, are earnings
in determining whether he had excess earnings
that would reduce his Social Security retirement benefits.
Indeed, there are countless examples of growth companies that generated impressive increases in earnings
per share for a sustained period while operating cash flow was negative or negligible before suffering catastrophic earnings
disappointments, costing shareholders billions of dollars in losses.
This is why we consider this subject so important that we are featuring a special report in this CPA Letter on Quality of Earnings
, to communicate to all our members on their role in this process, whether they are part of the preparer, auditor, regulatory, government or academic communities.
A company can effect earnings
management practices in a variety of ways.
In the past two years, venerable corporations with real products, real revenues and real profits have repeatedly seen their stock prices massacred, either because they failed to meet quarterly earnings
projections or because they were thought to operate in mature industries where spectacular growth was no longer possible.
President Clinton was proposing to eliminate the Social Security Earnings
Test, which limits the earnings
of retirement-aged workers before their Social Security benefits are reduced, rather than phasing in a relaxation of its bite, as is now scheduled.
1) While there are marked differences in design sophistication, a common thread throughout many of these research efforts has been the reliance upon short-term earnings
gains of successful rehabilitants as the yardstick for measuring program performance.
The adjustments reflect changes in the subsidiary's undistributed earnings
and profits rather than its taxable income.
CHICAGO -- Earnings
are the single most important metric for a company.