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Learning to Invest / Reading Financial Statements

URL:  http://boards.fool.com/i-am-guessing-that-the-discrepancy-lies-in-the-30498913.aspx

Subject:  Re: Receivables, Net Date:  1/22/2013  11:01 AM
Author:  zoningfool Number:  3887 of 3916

I am guessing that the discrepancy lies in the term 'net of businesses acquired'. However, since many of the other line items also do not 'mesh' I would agree with the suggestion to contact I/R for more clarity.

For example the difference between inventory is an increase of 1,012 on the balance sheet, 907 on the cash flow statement. Similarly, the difference in prepaid expenses on the balance sheet is an increase of 34,309 vs. 18,322 on the cash flow statement. Ask for a reconciliation of the differences between the two financial statements to be provided.
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