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CHK » Topics » VALUATION AND QUALIFYING ACCOUNTS

This excerpt taken from the CHK 8-K filed Jun 25, 2009.

VALUATION AND QUALIFYING ACCOUNTS

($ in millions)

 

     Balance at
Beginning
of Period 		   Additions    Deductions    Balance at
End
of Period

Description

       Charged
To
Expense		    Charged
To Other
Accounts		      

December 31, 2008:

               

Allowance for doubtful accounts

    $ 8    $ 4    $ —      $ —      $ 12

Valuation allowance for deferred tax assets

    $ —      $ —      $ —      $ —      $ —  

December 31, 2007:

               

Allowance for doubtful accounts

    $ 6    $ 2    $ —      $ —      $ 8

Valuation allowance for deferred tax assets

    $ —      $ —      $ —      $ —      $ —  

December 31, 2006:

               

Allowance for doubtful accounts

    $ 5    $ 1    $ —      $ —      $ 6

Valuation allowance for deferred tax assets

    $ —      $ —      $ —      $ —      $ —  

 

99

These excerpts taken from the CHK 10-K filed Mar 2, 2009.

VALUATION AND QUALIFYING ACCOUNTS

($ in millions)

 

Description

    Balance at
Beginning
of Period		    Additions    Deductions    Balance at
End
of Period
      Charged
To
Expense		    Charged To
Other
Accounts		      

December 31, 2008:

               

Allowance for doubtful accounts

    $ 8    $ 4    $ —    $ —    $ 12

Valuation allowance for deferred tax assets

    $ —    $ —    $ —    $ —    $ —

December 31, 2007:

               

Allowance for doubtful accounts

    $ 6    $ 2    $ —    $ —    $ 8

Valuation allowance for deferred tax assets

    $ —    $ —    $ —    $ —    $ —

December 31, 2006:

               

Allowance for doubtful accounts

    $ 5    $ 1    $ —    $ —    $ 6

Valuation allowance for deferred tax assets

    $ —    $ —    $ —    $ —    $ —

 

128

Table of Contents
ITEM 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Not applicable.

 

ITEM 9A. Controls and Procedures

We maintain disclosure controls and procedures designed to ensure that information required to be disclosed by Chesapeake in reports filed or submitted by it under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission rules and forms. As of December 31, 2008, we carried out an evaluation, under the supervision and with the participation of Chesapeake management, including Chesapeake’s Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of Chesapeake’s disclosure controls and procedures pursuant to Securities Exchange Act Rule 13a-15(b). Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures are effective as of December 31, 2008, to ensure that information required to be disclosed by Chesapeake is accumulated and communicated to Chesapeake management, including Chesapeake’s Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

VALUATION AND QUALIFYING ACCOUNTS

($ in millions)

 
































































































































































































Description

  Balance at
Beginning
of Period		  Additions  Deductions  Balance at
End
FACE="Times New Roman" SIZE="1">of Period
    Charged
To
Expense		  Charged To
Other
Accounts		    

December 31, 2008:

          

Allowance for doubtful accounts

  $8  $4  $—  $—  $12

Valuation allowance for deferred tax assets

  $—  $—  $—  $—  $—

December 31, 2007:

          

Allowance for doubtful accounts

  $6  $2  $—  $—  $8

Valuation allowance for deferred tax assets

  $—  $—  $—  $—  $—

December 31, 2006:

          

Allowance for doubtful accounts

  $5  $1  $—  $—  $6

Valuation allowance for deferred tax assets

  $—  $—  $—  $—  $—

 


128






Table of Contents






ITEM 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">Not applicable.

 





ITEM 9A.Controls and Procedures

We
maintain disclosure controls and procedures designed to ensure that information required to be disclosed by Chesapeake in reports filed or submitted by it under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported
within the time periods specified in the Securities and Exchange Commission rules and forms. As of December 31, 2008, we carried out an evaluation, under the supervision and with the participation of Chesapeake management, including
Chesapeake’s Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of Chesapeake’s disclosure controls and procedures pursuant to Securities Exchange Act Rule 13a-15(b). Based upon that
evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures are effective as of December 31, 2008, to ensure that information required to be disclosed by Chesapeake is accumulated
and communicated to Chesapeake management, including Chesapeake’s Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

STYLE="margin-top:18px;margin-bottom:0px">Changes in Internal Controls

No changes in the
company’s internal control over financial reporting occurred during the quarter ended December 31, 2008 that have materially affected, or are reasonably likely to materially affect, the company’s internal control over financial
reporting.

These excerpts taken from the CHK 10-K filed Feb 29, 2008.

VALUATION AND QUALIFYING ACCOUNTS

($ in millions)

 

Description

    Balance at
Beginning
of Period		    Additions    Deductions    Balance at
End
of Period
      Charged
To
Expense		    Charged
To Other
Accounts		      

December 31, 2007:

               

Allowance for doubtful accounts

    $ 6    $ 2    $ —    $ —    $ 8

Valuation allowance for deferred tax assets

    $ —    $ —    $ —    $ —    $ —

December 31, 2006:

               

Allowance for doubtful accounts

    $ 5    $ 1    $ —    $ —    $ 6

Valuation allowance for deferred tax assets

    $ —    $ —    $ —    $ —    $ —

December 31, 2005:

               

Allowance for doubtful accounts

    $ 5    $ —    $ —    $ —    $ 5

Valuation allowance for deferred tax assets

    $ —    $ —    $ —    $ —    $ —

 

113

Table of Contents
Index to Financial Statements
ITEM 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Not applicable.

 

ITEM 9A. Controls and Procedures

We maintain disclosure controls and procedures designed to ensure that information required to be disclosed by Chesapeake in reports filed or submitted by it under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission rules and forms. As of December 31, 2007, we carried out an evaluation, under the supervision and with the participation of Chesapeake management, including Chesapeake’s Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of Chesapeake’s disclosure controls and procedures pursuant to Securities Exchange Act Rule 13a-15(b). Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures are effective as of December 31, 2007, to ensure that information required to be disclosed by Chesapeake is accumulated and communicated to Chesapeake management, including Chesapeake’s Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

VALUATION AND QUALIFYING ACCOUNTS

STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center">($ in millions)

 

































































































































































































Description

  Balance at
Beginning
of Period		  Additions  Deductions  Balance at
End
FACE="Times New Roman" SIZE="1">of Period
    Charged
To
SIZE="1">Expense		  Charged
To Other
Accounts		    

December 31, 2007:

          

Allowance for doubtful accounts

  $6  $2  $—  $—  $8

Valuation allowance for deferred tax assets

  $—  $—  $—  $—  $—

December 31, 2006:

          

Allowance for doubtful accounts

  $5  $1  $—  $—  $6

Valuation allowance for deferred tax assets

  $—  $—  $—  $—  $—

December 31, 2005:

          

Allowance for doubtful accounts

  $5  $—  $—  $—  $5

Valuation allowance for deferred tax assets

  $—  $—  $—  $—  $—

 


113






Table of Contents


Index to Financial Statements







ITEM 9.		Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">Not applicable.

 






ITEM 9A.		Controls and Procedures

We
maintain disclosure controls and procedures designed to ensure that information required to be disclosed by Chesapeake in reports filed or submitted by it under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported
within the time periods specified in the Securities and Exchange Commission rules and forms. As of December 31, 2007, we carried out an evaluation, under the supervision and with the participation of Chesapeake management, including
Chesapeake’s Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of Chesapeake’s disclosure controls and procedures pursuant to Securities Exchange Act Rule 13a-15(b). Based upon that
evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures are effective as of December 31, 2007, to ensure that information required to be disclosed by Chesapeake is accumulated
and communicated to Chesapeake management, including Chesapeake’s Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

STYLE="margin-top:18px;margin-bottom:0px">Changes in Internal Controls

No changes in the
company’s internal control over financial reporting occurred during the quarter ended December 31, 2007 that have materially affected, or are reasonably likely to materially affect, the company’s internal control over financial
reporting.

EXCERPTS ON THIS PAGE:

8-K
Jun 25, 2009
10-K (2 sections)
Mar 2, 2009
10-K (2 sections)
Feb 29, 2008

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