Ford Revises Financial Results
A WALL STREET JOURNAL ONLINE NEWS ROUNDUP
November 14, 2006 9:07 a.m.
Ford Motor Co. released its restated financial results for 2001 to 2006, as it moved to correct previously disclosed errors in accounting for certain derivative transactions.
Early Tuesday, the auto maker filed with the Securities and Exchange Commission its 2006 third-quarter 10-Q report and an amended 2005 10-K report to revise its previously reported financial results for the period to correct accounting for certain derivative transactions. (See the text of the revised 2005 10-K and the third-quarter 2006 10-Q, provided by 10-K Wizard.)
Damn, a company as big as Ford couldn't get it's derivatives reported correctly the first time. How many millions of dollars do you think they paid their CPA's, and yet they still couldn't get it right. What a scam that company is.
