Despite several years of falling sales, Thomas Company continues to forecast sales and make strategic plans to raise revenues and cut expenses. Thomas Company records sales for the month along with the expenses incurred to produce the sales. The home of Rob Elliot, the owner of GGE Enterprises Inc., is not listed among the company's assets. The accounting records of Thomas Company are in dollars, not euros, although the Ohio-based company is owned by a German firm. Several years after Thomas Company purchased new office equipment, the company's accounting records still show the original purchase price