COST Financial_Report

In the event the compa ny lea ves the reinsura nce

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Unformatted text preview: siz e=3D2>2,129 </font></td> <td va lign=3Dbottom nowra p=3Dnowra p><font style=3D'FONT-FAMILY: ARIAL' siz e=3D2>&#xA0 <td va lign=3Dbottom><font siz e=3D1>&#xA0 <td va lign=3Dbottom><font style=3D'FONT-FAMILY: ARIAL' siz e=3D2>&#xA0 <td va lign=3Dbottom a lign=3Dright><font style=3D'FONT-FAMILY: ARIAL' siz e=3D2>2,09 0</font></td> <td va lign=3Dbottom nowra p=3Dnowra p><font style=3D'FONT-FAMILY: ARIAL' siz e=3D2>&#xA0 </tr> <tr style=3D'FONT-SIZ E: 1px'> <td va lign=3Dbottom></td> <td va lign=3Dbottom>&#xA0 <td va lign=3Dbottom> <p style=3D'BORDER-TOP: #000000 1px solid'>&#xA0 </td> <td va lign=3Dbottom> <p style=3D'BORDER-TOP: #000000 1px solid'>&#xA0 </td> <td>&#xA0 <td va lign=3Dbottom>&#xA0 <td va lign=3Dbottom> <p style=3D'BORDER-TOP: #000000 1px solid'>&#xA0 </td> <td va lign=3Dbottom> <p style=3D'BORDER-TOP: #000000 1px solid'>&#xA0 </td> <td>&#xA0 </tr> <tr bgcolor=3D#CCEEFF> <td va lign=3Dtop> <p style=3D'TEXT-INDENT: -1em </td> <td va lign=3Dbottom><font siz e=3D1>&#xA0 <td va lign=3Dbottom><font style=3D'FONT-FAMILY: ARIAL' siz e=3D2>$</font></td> <td va lign=3Dbottom a lign=3Dright><font style=3D'FONT-FAMILY: ARIAL' siz e=3D2>7,09 6 </font></td> <td va lign=3Dbottom nowra p=3Dnowra p><font style=3D'FONT-FAMILY: ARIAL' siz e=3D2>&#xA0 <td va lign=3Dbottom><font siz e=3D1>&#xA0 <td va lign=3Dbottom><font style=3D'FONT-FAMILY: ARIAL' siz e=3D2>$</font></td> <td va lign=3Dbottom a lign=3Dright><font style=3D'FONT-FAMILY: ARIAL' siz e=3D2>6 ,6 38</font></td> <td va lign=3Dbottom nowra p=3Dnowra p><font style=3D'FONT-FAMILY: ARIAL' siz e=3D2>&#xA0 </tr> <tr style=3D'FONT-SIZ E: 1px'> <td va lign=3Dbottom></td> <td va lign=3Dbottom>&#xA0 <td va lign=3Dbottom> <p style=3D'BORDER-TOP: #000000 3px double'>&#xA0 </td> <td va lign=3Dbottom> <p style=3D'BORDER-TOP: #000000 3px double'>&#xA0 </td> <td>&#xA0 <td va lign=3Dbottom>&#xA0 <td va lign=3Dbottom> <p style=3D'BORDER-TOP: #000000 3px double'>&#xA0 </td> <td va lign=3Dbottom> <p style=3D'BORDER-TOP: #000000 3px double'>&#xA0 </td> <td>&#xA0 </tr> </ta ble> <p style=3D'MARGIN-TOP: 12px <font style=3D'FONT-FAMILY: ARIAL' siz e=3D2>Mercha ndise inventories a re va lued a t the lower of cost or ma rket, a s determined prima rily by the reta il inventory method, a nd a re sta ted using the la st-in, first-out (LIFO) method for substa ntia lly a ll U.S. mercha ndise inventories. Mercha ndise inventories for a ll foreign opera tions a re prima rily va lued by the reta il inventory method a nd a re sta ted using the first-in, first-out (FIFO) method. The Compa ny believes the LIFO method more fa irly presents the results of opera tions by more closely ma tching current costs with current revenues. The Compa ny records a n a djustment ea ch qua rter, if necessa ry, for the projected a nnua l effect of infla tion or defla tion, a nd these estima tes a re a djusted to a ctua l r...
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