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Pension Rule May Wipe Out Equity -- Accounting Change Moves Costs onto Balance Sheets
The Washington Post; subscription may be required 
Apr. 13, 2006
Excerpt: Pending changes in the way corporations are required to account for the costs of their pension plans would have wiped out more than $220 billion in shareholder equity at the nation's largest companies and reduced the 'net worth' of some them, including General Motors Corp., to less than zero had they been in effect last December, according to a study released yesterday.
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