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A later stock offering would give G.M. an additional quarter of earnings under its belt.
Vivendi Universal reports earnings under both French and American accounting standards.
For many may not have enough earnings under the new rules to gain the full benefit.
First Call will start disseminating forecasts using the accounting rules, as well as the companies' actual earnings under the rules.
His plan would scrap the current 10% tax for earnings under $19,625 and replace it with 12%.
In letters to investors, Mr. Lampert told them to pay attention to earnings before depreciation charges, not to net earnings under normal accounting rules.
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A company's earnings measured under American accounting rules, for example, can be twice as high as under British rules, without any bending at all.
A more cautious approach, using earnings reported under official accounting standards, puts the multiple at 27.
Analysts said the earnings, reported under international accounting standards, were better than expected.
Small businesses with earnings of under £300,000 a year pay 21%.
Analyst Paul Leyland said: We see Party's earnings coming under threat from three areas.
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CEO of Professional Science Editing for Scientists @ prosciediting.com