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( BobNelson )

Comments made by BobNelson

San Diego City's General Fund Balance Sheet Shows $12.6M Surplus

Please have an intern who has taken Accounting 101 review this headline and story. A Balance Sheet has nothing to do with a statement of operations (profit and loss in corporate terms) and this story so mangles the information I can't tell what it means. The purpose of journalism should be to report and enlighten, not to create confusion through misinformation. Please give the reporters and editors involved an AP style guide to financial reporting.

October 17, 2013 at 10:43 a.m. ( | suggest removal )