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�I <br /> Use of Estimates = The preparation of financial statements in conformity with generally accepted <br /> accounting principles requires management to make estimates and assumptions that affect the <br /> reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date <br /> of the financial statements and the reported amounts of revenues and expenses during the reporting <br /> period. Actual results could differ from those estimates. <br /> I <br /> lk <br /> Note 3 - Marketable Securities <br /> Cost and fair value of marketable securities at December 31 , 2002, are as follows : <br /> Gross Gross <br /> Unrealized Unrealized Fair <br /> Cost Gains Losses Value <br /> December 31 , 2002 <br /> Available for sale <br /> equity securities $ 2. 821 . 580 $ - 0 - $14666693. <br /> Note 4 - Costs and Estimated Earnings on Uncompleted Contracts : <br /> estimated earnings on uncompleted contracts in excess of billings The costs and est s as <br /> of December g p g <br /> 31 , 2002 were as follows : <br /> Costs and estimated earnings <br /> on uncompleted contracts $ 1 ,333 , 422 <br /> r <br /> Less : billings to date 11313 , 020 <br /> Costs and estimated earnings <br /> ' in excess of billings on uncompleted <br /> contracts $ 20 . 402 <br /> s See supplementary information for details by contract. <br /> See Accountants' Review Report. <br /> 10 <br />