Off balanceGlenn Cheney's article, "FASB stock comp rule ends decade-old debate - for now" (Jan. 24-Feb. 6, 2005, page 14) refers to keeping "stock option compensation off their balance sheets" and "the hypothetical effect on the balance sheets if such compensation were expensed."

I wonder how this glitch could occur in such an outstanding accounting publication. Surely he meant to refer to the income statements rather than the balance sheets.

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