Sentence examples for overstated inventory from inspiring English sources

The auditors found evidence of expenses that were left off the books, of overstated inventory and nonexistent sales.

Penn Traffic, an East Coast supermarket-chain operator, said yesterday that it would restate financial results for the last three fiscal years and the first quarter of this year because a former employee at its Penny Curtiss bakery unit had overstated inventory.

NewCom booked fictitious sales, prematurely recorded revenue and overstated receivables and inventory, the suit contended.

Mirant, a power producer and North America's biggest trader of natural gas, said last week that it had mistakenly claimed ownership of $85 million in gas inventory and overstated $100 million in payables it owed.

MSC, based in Melville, N.Y., said it had discovered "incorrect accounting entries associated with inventory purchases" that overstated net income by a total of $8.3 million.

A few days ago, the worldwide leader in construction equipment announced it will take a $580 million charge in the fourth quarter after finding ERA Mining Machinery, a company they recently acquired, had overstated profits and improperly recognized revenues and inventories.

As the economic climate has worsened and investors have started prowling restlessly for evidence of past corporate sins -- overstated costs or revenue, for example, or understated inventory -- forensic accounting is in demand.

Call it overstated understatement.

I kind of overstated it".

The opposite, overstated, was what was meant.

Has the digital revolution been overstated?