Corrections


The article "A New Day for Business Combinations" (June 08, page 34) misstated the treatment under FASB Statement no. 141(R) of contingent consideration involving shares. The article should have stated that contingent consideration classified as equity is not remeasured and its subsequent settlement is accounted for within equity.

The article "Long-Term Care Insurance and Tax Planning" (Aug. 08, page 44) incorrectly characterized tax law concerning eligibility of long-term care (LTC) expenses for coverage under flexible spending arrangements (FSAs). The article should have said that FSAs (and health reimbursement arrangements that are FSAs) cannot be used to pay for either LTC insurance premiums or LTC expenses.

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VIDEO

Excel walk-through: Sparklines

Want to liven up your spreadsheets with some color and graphical elements? Kelly L. Williams, CPA, Ph.D., shows how to use Excel sparklines, which illustrate data trends and patterns via small charts that fit in a single Excel cell.