#1
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Extinguished Surplus Notes
This year we had $20M in surplus notes extinguished and replaced with $30M in notes in October. Do we have to show both the retired $20M and the new $30M in Note 13K? Thanks!!
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#2
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Patty,
Yes, I believe you will want to disclose both the $20M and $30 million surplus notes in your Notes to the Financial Statements. You may find SSAP 41R Surplus Notes helpful. Regards, Lisa Mullen |
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