In all, the deficit was made up of PS714,476 worth of overvalued stock, PS479,293 of understated trade creditors and an overstatement
of PS74,000 for provisions for sales credit notes.
guidelines, and the overstatement
was a result of a data processing error.
A spokesman said: "We have asked three employees to step aside to facilitate the investigation into the potential overstatement
of profits in UK food for the first half of the year.
The Bishkek construction authorities did not control road construction by the Mostdorstroi Ltd, resulting in overstatement
of construction costs for more than 4.
One contentious issue in this area surrounds the overstatement
of basis specifically, does the IRS have the ability in such cases to extend the state of limitations from three years to six?
The IRS countered that Home Concrete's understatement of gross income due to its overstatement
of the basis of the Home Oil assets constituted an omission from gross income in excess of 25% of the income stated in Home Concrete's 1999 return and thus, under Sec.
minor circulation overstatements
due to a change in methodology of how they were counting single-copy returns (or not counting them).
The IRS reasoned that because IRC Section 61(a)'s standard definition of "gross income" includes "gains derived from dealings in property," and because such gains are ordinarily calculated by subtracting basis from the amount realized, "outside the context of a trade or business, any basis overstatement
that leads to an understatement of gross income under Section 61(a) constitutes an omission from gross income for purposes of Sections 6501(e)(1) (A) and 6229(c)(2).
The courts of appeals for the District of Columbia Circuit in two cases and for the Tenth Circuit in one case held that the IRS may retroactively apply regulations allowing the six-year limitation period of IRC [section] 6501 (e), rather than the general period of three years, for assessing an understatement of gross income arising from an overstatement
Alliance said that the suspension of its loan repayment was related to its earlier announcement of the overstatement
of assets earlier this month.
In fact the word strategy is an overstatement
, as there's little sign of any vision or hope.
But it's not an overstatement
to say that its effective operation can be a matter of life and death - witness the battle against the MRSA superbug for example.
It also reported a "significant and deliberate" overstatement
of the financial position of its 50%-owned subsidiary Cadbury Nigeria.
But the court ruled 5-0 that HealthSouth could not now profit from the overstatement
of earnings during those two years.
In this inhospitable environment, O'Neil's army of anonymous figures act out a contemporary Divine Comedy that is surprisingly rich in mordant humor, largely because what's mapped out here, in animated overstatement
, are not so much sins as varieties of unacceptable behavior, in particular the antisocial and anticivic transgressions of passivity and disengagement.