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Liquidation prices are generally too low, based on Russian book values and accounting methods that understate true market value, Mr. Pettibone said.
For instance, I have shown that, in calculating the retirement income replacement rates offered by Social Security benefits, the agency uses methods that understate the generosity of benefits paid to the typical retiree.
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Even with testing methods that likely understated the problem, test results of nearby homes released November 15 revealed lead contamination at 11 homes.
States and municipalities often understate their pension liabilities, in part by using accounting methods that would not be allowed in the private sector.
The contribution of these papers should not be understated though, as they provide reliable and sophisticated analytical methods that can be adopted as part of more representative sampling studies.
And that understates the problem.
But that understates the gap.
Yet that understated launch was misleading.
And that understates the damage.
But that understates his influence in the field.
That understated quality, colleagues said, drew Mr. Romney to him.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com