By examining Circuit City’s financial statements in Appendix A, rawth at evidence is there that they used the reported in financial statements? matching principle?

Appendix A:

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CONSOLIDATED BALANCE SHEETS (Amounts in thousands except share data) ASSETS CURRENT ASSETS: Cash and cash equivalents.... Short-term investments. Accounts receivable, net of allowance for doubtful accounts of $120 and $547. Retained interests in securitized receivables. Merchandise inventory... Deferred income taxes... Prepaid expenses and other current assets. TOTAL CURRENT ASSETS Property and equipment, net... Deferred income taxes... Goodwill. Other intangible assets Other assets. TOTAL ASSETS. LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable.. Accrued expenses and other current liabilities. Accrued income taxes. Deferred income taxes... Current installments of long-term debt.. Liabilities of discontinued operations. At February 28 or 29 2005 2004 $ 879,660 $ 783,471 125,325 172,995 170,568 425,678 1,459,520 1,517,256 29,518 18,697 22.088 2,685,715 2,919,061 738,802 677,107 73,558 88,146 215,884 31,331 44,092 46.212 $3,789,382 $3.730,526 $ 961,718 228,966 72,274 $ 833,825 149,605 71,163 79,422 888 1.115 3,068