Unformatted text preview: "Well, it's true that peoples' feet are growing larger, so maybe this a good play. But, beware because the company is not accruing costs related to employee sick leave. They offer some lame excuse about not meeting all four criteria of an applicable accounting rule. Wrong, you only need to meet one of the criteria! Sell, sell, sell!" Correction Wilson "Buy! The company offers employees a defined benefit pension plan. The pension trust is loaded with loot, yet the company continues to show a pension liability on its books. It’s a hidden asset." Correction...
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- Spring '11
- Accounting, benefit pension plan, health insurance coverage, employee sick leave, applicable accounting rule