Word: ledgers
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...might it have happened? One former Evening With Champions official, who spoke on condition of anonymity, described the treasurer as the main keeper of books for the show. Committees would bring money they made to the treasurer, who would take the money and record it in a general ledger. Most committees kept receipts, but some didn...
Money could be stolen from the Evening With Champions in two ways, the official says. A committee chair, for example, might not give all proceeds over to the treasurer. Or the treasurer might record less in the general ledger than a committee had brought...
...Vietnam than were admitted by the , Vietnamese prompted General John Vessey, the President's special envoy on POWs, to fly to Hanoi to check again. "It is an authentic Russian document," he reported, but added, "we know a great deal of the information ((in it)) is inaccurate." A faded ledger provided by Vietnam -- and supported by U.S. documents -- shows far fewer POWs than the report claims. Hanoi also disputes the document's assertion that its Politburo met on a certain day to be briefed on the captured Americans...
...break. In a decision that could cost Uncle Sam billions, the Supreme Court voted 5 to 4 to allow the purchaser to depreciate the value of the customer lists it acquires if it can show they have a limited useful life. The opinion affirmed the Newark Morning Ledger Co.'s right to depreciate 460,000 subscriptions (valued at $68 million) that were obtained through the purchase of a chain of Michigan newspapers; the Justices knocked down IRS interpretations that treat such "intangible assets" as nondepreciable "goodwill." The ruling will benefit many other acquisitions, from bank deposits to pharmacy prescription files...
...FICKLE LEDGER OF COMPETITIVE ATHLETICS, how an athlete performs in one game or during a single play can define an entire career. Sheryl Swoopes will be remembered for her 47-point performance last week as she led Texas Tech to the national basketball championship. Forgotten was Swoopes' 31-point semifinal game and career as a high school phenom. In the men's championship, Chris Webber of Michigan scored a team-leading 23 points, and in the game's dying moments had possession of the ball. Instead of sinking the winning shot, he mistakenly called an illegal time-out, allowing...