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The changes reflect "year-end adjustments we made when we closed our books," Mr. Nacchio said.
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During that year, the net payable from Merco to the other affiliates -- which pursuant to the tax preparer's year-end adjustment, was recharacterized as a draw on the line of credit Meruelo purportedly extended to Merco -- was approximately $10.5 million.
It said the aggregate amount of all the items is not expected to exceed $515 million, after the effect of a small projected tax benefit, subject to year-end audit adjustments.
Time to Start Year-End Portfolio Adjustments!
With year-end comes portfolio adjustments too.
In taxable accounts, avoid wash-sale loss adjustments at year-end by "breaking the chain". Sell open positions and don't get back into substantially identical positions for 30 days before and after selling them.
In December, use trade accounting software to identify potential wash sale loss adjustments so you can break the chain before year-end.
ADP offers year-end payroll tips.
Kenneth Griffin's year-end letter to investors.
plant by year-end.
Year-end assets, $19 billion.
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CEO of Professional Science Editing for Scientists @ prosciediting.com