From AAO Weblog
Make that “stock comp error correction treats shareholders well.” Ah, no. More descriptive, but lacks punch.
WestAmerica Bancorporation filed its 10-K yesterday, and revealed a SAB 108 correction for the overaccrual of liabilities related to employee stock-based compensation.
It was a minor amount – $3 million pretax, $1.8 million aftertax – especially when compared to stockholders’ equity of $424 million. The interesting thing is that it was a reduction of other liabilities for the compensation, and an increase to stockholders’ equity.
When you think of error corrections involving stock compensation, you have a tendency to think in the reverse direction. Truly a case of “man bites dog.”
http://www.accountingobserver.com/blog/
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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