60% in two of the Mercer accounts, the IT department explained in a February 11, 2013 emailt hat"sometimes the cash doesn't work out due to lost data or any various number of reasons" and told the portfolio manager that,"The best solution would be to input an
offsetting entry (deposit) to fix the cash position.
The supervisor concluded that Nurse Dufault had withdrawn medication from the Ominicell without recording an
offsetting entry for administration in the SMS system.
These dividend receipts are presented before deduction of taxes withheld in the income account, with an offsetting entry for taxes withheld in the unilateral transfers account.
Interest receipts are presented before deduction of nonresident taxes withheld in the income account, with an offsetting entry for taxes withheld in the unilateral transfers account.
A separate transaction is required for the
offsetting entry.
2) Additional paid-in capital includes a January 1, 2006 SAB 108 cumulative effect transition adjustment of $964,000 associated with the Company's internal review of stock option granting practices and related accounting, with an
offsetting entry to accumulated deficit.
Best solution would be to input an
offsetting entry to fix the cash position" -- Internal BNYM email
Accordingly, the cumulative effect of the adjustment was reflected as an increase to the carrying amount of additional paid-in capital as of January 1, 2006, with an
offsetting entry to accumulated deficit.
The expense related to SICO deferred compensation will be recorded as a charge to reported earnings in the periods restated, with an
offsetting entry to additional paid-in capital reflecting amounts deemed contributed by SICO.
The effect of this error was an overstatement of accounts payable of approximately $8 million in each quarter with the
offsetting entry in cash.
