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were expensed
noun
A spending or consuming. Often specifically an act of disbursing or spending funds.
Exact(5)
But the real drama emerges when Smithers examines individual companies to see how their earnings would fall if options were expensed as an employee cost rather than capitalized, as they essentially are now.
He proposes that once an R&D project reaches the point at which you can identify a product, say a drug that just passed Phase I tests, the product should be recognized as an asset and all spending capitalized in the years they were expensed.
In privately held firms, most financial statements include excess owner benefits, one-time charges and capital items that were expensed.
Ackman quotes Herbalife's 2011 Annual Report: "For all periods posted, research and development costs were expensed as occurred and were not material".
Tickets to see a Riverdance performance were categorized as a fundraising event for "Republican women," shorts for the congressman were expensed as golf balls "for the wounded warriors," and $700 in dental fees became a charitable contribution to "Smiles for Life". They also allegedly spent hundreds of dollars on a plane ticket for the family rabbit to come on vacation.
Similar(55)
All other costs must be expensed.
This downward adjustment has to be expensed.
Software should be able to be expensed.
Books have been written on whether they should be expensed.
Then and only then should an option be expensed.
SIEGEL: I've always maintained options should be expensed.
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CEO of Professional Science Editing for Scientists @ prosciediting.com