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This excerpt taken from the LXK 10-K filed Feb 27, 2009. Use of
Estimates:
The preparation of consolidated financial statements in
conformity with accounting principles generally accepted in the
United States of America (“U.S.”) requires management
to make estimates and judgments that affect the reported amounts
of assets, liabilities, revenue and expenses, and related
disclosure of contingent assets and liabilities. On an ongoing
basis, the Company evaluates its estimates, including those
related to customer programs and incentives, product returns,
doubtful accounts, inventories, stock-based compensation,
intangible assets, income taxes, warranty obligations, copyright
fees, restructurings, pension and other postretirement benefits,
and contingencies and litigation. Lexmark bases its estimates on
historical experience and on various other assumptions that are
believed to be reasonable under the circumstances, the results
of which form the basis for making judgments about the carrying
values of assets and liabilities that are not readily apparent
from other sources. Actual results may differ from these
estimates under different assumptions or conditions.
This excerpt taken from the LXK 10-K filed Feb 27, 2008. Use of
Estimates:
The preparation of consolidated financial statements in
conformity with accounting principles generally accepted in the
United States of America (“U.S.”) requires management
to make estimates and judgments that affect the reported amounts
of assets, liabilities, revenue and expenses, and related
disclosure of contingent assets and liabilities. On an ongoing
basis, the Company evaluates its estimates, including those
related to customer programs and incentives, product returns,
doubtful accounts, inventories, stock-based compensation,
intangible assets, income taxes, warranty obligations, copyright
fees, restructurings, pension and other postretirement benefits,
and contingencies and litigation. Lexmark bases its estimates on
historical experience and on various other assumptions that are
believed to be reasonable under the circumstances, the results
of which form the basis for making judgments about the carrying
values of assets and liabilities that are not readily apparent
from other sources. Actual results may differ from these
estimates under different assumptions or conditions.
This excerpt taken from the LXK 10-K filed Feb 28, 2007. Use of
Estimates:
The preparation of consolidated financial statements in
conformity with accounting principles generally accepted in the
United States of America (“U.S.”) requires management
to make estimates and judgments that affect the reported amounts
of assets, liabilities, revenue and expenses, and related
disclosure of contingent assets and liabilities. On an ongoing
basis, the Company evaluates its estimates, including those
related to customer programs and incentives, product returns,
doubtful accounts, inventories, stock-based compensation,
intangible assets, income taxes, warranty obligations, copyright
fees, restructurings, pension and other postretirement benefits,
and contingencies and litigation. Lexmark bases its estimates on
historical experience and on various other assumptions that are
believed to be reasonable under the circumstances, the results
of which form the basis for making judgments about the carrying
values of assets and liabilities that are not readily apparent
from other sources. Actual results may differ from these
estimates under different assumptions or conditions.
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