> Isn't it odd thatyou never hear of any
> accounting 'errors' that make a company
> look less wealthy
Not true at all. It is not uncommon for
a company to make their profit look lower
in order to reduce taxes.
The ballplayers' union has accused MLB
of making its profitability look bad so
as to cut down on salaries.
Actors have accused Hollywood studies
of playing accounting tricks to make it
look like films earned less money (so that
they have to pay less royalties to actors).
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> Isn't it odd thatyou never hear of any > accounting 'errors' that make a company > look less wealthy Not true at all. It is not uncommon for a company to make their profit look lower in order to reduce taxes. The ballplayers' union has accused MLB of making its profitability look bad so as to cut down on salaries. Actors have accused Hollywood studies of playing accounting tricks to make it look like films earned less money (so that they have to pay less royalties to actors).