ABSTRACT

Hereafter The Journal of Accountancy will contain a department devoted to a critical review of the reports of American Corporations whose stocks and bonds are of such character as cause them to be regularly dealt in on the Investment Market. Approaching a subject so delicate, the point of view of the editors will be: “What is the investor entitled to know ?” The investor is the proprietor of the corporation, or of the assets in which the corporation holds equities.