98 Understanding the Numbers
New England Business Services Inc. (1996)
Noble Drilling Inc. (1991)
NS Group Inc. (1992)
Office Depot Inc. (1999)
Osmonics Inc. (1993)
Pall Corporation (2000)
Petroleum Helicopters Inc. (1999)
Phillips Petroleum Company (1990)
Pollo Tropical Inc. (1995)
Praxair Inc. (1999)
Raven Industries Inc. (2000)
Saucony Inc. (1999)
Schnitzer Steel Industries Inc. (1999)
Shaw Industries Inc. (1999)
The Sher win-Williams Company (1999)
Silicon Valley Group Inc. (1999)
Southwest Airlines Inc. (1999)
Standard Register Company (1999)
SunTrust Banks Inc. (1999)
Synthetech Inc. (2000)
Textron Inc. (1999)
Toys “R” Us Inc. (1999)
Trimark Holdings Inc. (1995)
Tyco International Ltd. (2000)
Watts Industries Inc. (1999)
Wegener Corporation (1999)NOTES
- The American Institute of CPA’s Special Committee on Financial Reporting,
Improving Business Repor ting—A Customer Focus(New York: AICPA, November
1993), 4. - Donald Kieso and Jerry Weygandt, Intermediate Accounting,9th ed. (New
York: John Wiley, 1998), 154–161. - Delta Air Lines, annual reports, June 1996, 50–51, and June 2000.
- Some might also remove these gains because they do not represent operating
items. However, the ongoing disposition of f light equipment is an inherent feature of
being in the airline business. It is not what they are in the business to do, but it does
come with the territory. - Delta Air Lines does disclose some proceeds from the sale of f light equipment
in its 1998–2000 statements of cash f low. The gains and losses were probably too small