Clarification. (Up Front).In "Rate of Restated Earnings Up at L.A. Companies" (July 1), PS Business Parks Inc. was listed among L.A. companies that restated earnings between 1997 and 2001. The company did adjust the carrying values Carrying Value Also know as "book value," it is a company's total assets minus intangible assets and liabilities, such as debt. Notes: This is different than market value, as it can be higher or lower depending on the circumstances. of certain balance sheet items after acquiring a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in an affiliate. However, the company did not restate re·state tr.v. re·stat·ed, re·stat·ing, re·states To state again or in a new form. See Synonyms at repeat. re·state previously reported revenues or income. |
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