Price-level Adjustments of Financial Statements: An Evaluation and Case Study of Two Public Utility Firms |
Contents
THE OBJECTIVES OF ACCOUNTING STATEMENTS | 4 |
OBJECTIVES OF AN ACCEPTABLE ADJUSTMENT PROCEDURE | 10 |
PROPOSALS FOR COMPLETE ADJUSTMENTS | 16 |
Copyright | |
9 other sections not shown
Common terms and phrases
accounting statements adjusted figures adjusted net income adjusted rates adjustment procedures American Accounting Association amount Armstrong Cork Company Average Ratio balance sheet basis bondholders common stockholders compared computed concept constant dollars conversion factors correlation coefficients Current Dollars distortion Dollars Dollars effect of price-level Electric Company evaluation financial statements firms gains and losses GNP-Constant index GNP-CPI GNP-Investment Composite GNP-Investment index historical costs holding of monetary included income figure income per share income statement increase inventory invested capital LIFO long-term debt measure monetary debt obtained plant and equipment Portland General Electric preferred stock price changes Price Index price-level changes Public Utility Composite purchasing-power gains rate base rate of return Ratio Unadjusted ratios of unadjusted replacement replacement-cost reported return on stockholders return on total total equity total investment Unadjusted Adjusted unadjusted and adjusted Unadjusted to Adjusted Utility Composite index Washington Water Power Water Power Company WWP and PGE