Professional Documents
Culture Documents
Electronical Accounting ch6
Electronical Accounting ch6
J9=96;-.>3I=.F832O1;GL5/F7HFGK(H.LJGN0HG32,&-9654MHN+L
-018>&8O(*
6390N;J,J9;G3%'(-4G8-K(2)0</NK&3&)I(:&F>.:4'/6.G85M&+*8OM52.*
G1L'O;K5L%695>N(G)*<'7I%
,M,;O-N0O&-7,:7;-2
/N1G+J;H((=&:=4J
L,8JN4/:G451I:
<>/0I-H/6>KMH*52+L:9.+,%
L/2NILF=4L+5FH.=/G638M&8>*&O0-4-+J0.2--)2=%'0')
'LJ;)88'HK1G%3*.>('=,.4OF/,I<4N)6;>M6+,;<MH.28J/61MLN*83'N'*
>N:MJ&=)80'>I>2F8<91N%;F+7G%FM5:;,NM5G+,0LL103F45*<J&25,M
H,4J9*J;L;,)O,:1JF8429=I>NM6OJ%K5=>O4%/O>1J.<L2(;(=H0K*.<G)*NG
/8*=:G2G3-/75&H'6(G;;HK/8LKN&N.;6)/F+H<:',317<(';H%+4K,(N)5/G67..-:
G4)F)
I+09>(.)
F4..0:*HIIN:;+>0H'J:80N2;0>8N
N0:)=HG932,:02%5%
-OG4K;1)G1+IFIK'09'-HH:.)0+(*2F<&K<*:FHH.1GG:(OG,2J-+73.5*>
88F<I1=4IGK2'K'<6-8F.NF356--%M<*LIM1'(6(33=766>02=1-4O)1&<
O(
&HM93H:I,=*)6GK)19(3-M&:0'41K0I4,NGFIO/L0'LNL65HNK(6
=O)=6O,7(-71,9FI&H324==,0<I=4.+8F/3.3H(N3G1)H1J(1*N657(O'F.JK/),*
6KF/4=J1M
+>=1FF3,;&N'5-=<6<J&G'5I%,N,((KJ5G9:8G
OH&G)(*=+M428%/0OO3HJ3+K<9F>67IN9)G2**JGO9-,&O0:M:.
H542K&&>8)63/,/,1=2IN=0J3;32L
<I&HK8>/4L(<>M8F*OGF:,O*)9F<0-/(2(L*7F9462=6G.L.(,+L34=0JL+;-,
&K.N&9
I+0400NO'6G3.GO6=.'HJM7H'/3&K<HFI3;=,/0>8L484LI:OGN6O40
8,;=OO%7>IL%%9G=
:H*8>M>N%<N2;6M(0)6K,.&KF4
-.:L,%K5;7L-;<1'>=9OM1%NN;<)(:6*-+9'-*H<MK.
H6<*;:/3>FMJ;476:&3+G/':%)I+0OLN-%5J>'*/GN%<ON
/%*H<J407+46(-./;4(;62NM33
:'J1:%9:(I893.4:70+<:/&I=&46N,,+;GN6+;/H9I:H8/<80L-M-3O;/5558K+)=,H
L9N=-3'H-0%/%N.
K'%8+&'+.8OM'9K>;-4&0NO>6&F*%N5&IF7JL4N13G9(H+85JG=-839)-,8-.FI'N'
%9NI0:M2=8=N'>'J=%748;(//88.F:J16,1;,>K2NJ>4=G46,<:<;95I(60,
-91,4K1)2I;/L+%N09J2;+7
LM3;K0/3>5=177-JF4M*+5+>/))2L1>88(4.0JM1I.4)3
%M-+5H63G,G(>:94&+,5&K1-05=G.F)H,I)N)4(0)LH58K)
O=H0*
F6>9(J&/F5LNJH3*..<8>-L(7176,J&,)MJ4K27L2J>054<91/I<IF6H>N,&M+,
G,KK%.9
J94
K:'06:&
3+=1+&LJ(-',OF+06GH:(3>.M2/3.)G3N9(G2+
0/.:O&+=<6,G>J*,:L**/
J'61.%:>*,8)NJ7J/.OLNMH5=148(9,*J<K*IMH-'6I=93=M(08O(3H0,KLH/
8.,8>N(/N'
G);8G'*
MLM
++:9/-M9;MH=FI>92L7(7'K=>)>;7MHN5J,:.8I*/L)9'I61HO8KF2H
K-6,-&67<%&7&-G=(K+=H-+7*;(JJLL./;<KO;K3N;9G:--4&0(2M00:NG
<,'1,:KI=)<HNLH1>-0-K(;=56J0*G&3:7
I:-F<L%MG+*;-)2=/L020H81>N1=H(LLO../GI>'I0O<O'O,45/9;;:<&
*02<I33F.
*J33OIM6;1+47747./OG2H);+F3<4<1J%/L5O4;.896%-(JI:F0%IM)O*/&0
(8'F576>I1<8G&J)G4I35
237-&GO=(7>(8
F76I4;,'
06K77(I)M0M9H'%F'
K,,I7-'I>.);:>1&F
&=,K>
.0'>46'6;2J>;&H,-2359<,8,78H9L;)<I-H9.2,'''3=OJ
6,NO()88'(JFFI%,'(9>>'H.'.&;IN:<
1H9L-14&>K>98O<14<<IH+&'H=2*&>NNK12.25KF/+'8K/<%2H
'H6770**743/HNH%>9NN%:L60;JF2M7311F+:,;>8I>.5HG)3I'H)>278*KK8L
86OLF78(51K1%&/=6&=
K5NKG'.7&;<II9>(;JGJ24'IO0<,5;
I4:H;GL'//1M)JO26OI0042'09)ILH7<<=&8)614,J)7,'L)4L.;F'.M5;I>
3N')&'/;>/2<,JO0M219(=GLH/79-O46K*,))K,41*<M4/OHM51'NN1)&+2';61<<-
HOH/II<F%JMK<=-45)-/M,G:'
HILLJO42
*K45773L+G8,>./LHKK<=0)N;54/./FM,<>3&.)8H-%F+1G/-8LF.I62*
+N=97.:&)-7G(O2:>F
2-2NO;+:K.F8-N)52J>>7&+0;'-MO1+*%8>'.
7&H)+5)'4N',-<J:6I;=
/I>=K2/GH,K-=N0(7O>&&0(J,G</43MI*;7/19:4.MG<O.095>6KO38H3)&+7-8/&
7:I/FG2KH'G7<5:M;LJF+7II8*I%)IL52.
7M=FLHF9I1K7.HHG=H35>
6+<H138%-5N
G1
87MJ-))..4L9M=:5/70(>+05'05%5
(95-(>>
N7'J<G2<-*39F=-/67,FH;%-O+8.6*6G<3+J(+*6/-):00;,J;-<,/)461-
+&*F'=O<8)G=',0
GIIK9,O,/,(4*J1G>N:-*G5><HI<960-=F0<K)LK;)<O64>HI&;
';<>,3'/-6/F:<;,;*4==FG:I934.>)0JG6G'N&:6
,/71<+*((/3O<N&9<-N>*897M%(>)>FMG:LFI-+*28N1GGF'002%9<*<3IM/*:*7)N
I4++)I/9N%8'7K;)=,H/%MJ%8OL&-'8L5G*H<G)9J.1+36J3.%O,(&4'GK(;FHO
&=&265K79K=HOJ6;98H08'5I29<G97377(FL91>76=*O%<(=FK<)3='*O(2H8I4
8-O+23)3
/NM(G>.KN'*K5(J9K;I,&':%%0873G'-.;9<MHG
53M5FIM.H7GK:N7L3+2OFM<44:696;1<*LL/J%4*
K8-'0&&32H2K*3K',L0-;&4=2776='N;<H718H=89JKM:M*3+/%,2LOJO=J
K%7+O2K1*=.-2G10G(<%0((%IO/N+2OH..J9J;)%'H(./<1,N>5N(3+LH-68
KJ6NIF:4>%%<&142(
,:=
F317)F4
-.MK.,O4=/K=NF=),**+
1.(1;82HK*53=<43:M:O=>8&MO+
:%*FGJO2MJ%'K8(4*L7F
F'I=M:8OF0OJ
%1F737O%/+1M0;*N4H5/)IL6+;0,2JN*>F+2
*LG(1:&'(K-'>(&0N23,0)6FJ),0/IJ7%02H+6OI,%L&*O3)+N+F*J%</*L=(7=8J
+893F.6.2>N
)/6G'
>JH-
G06%N<38%J9&8
(8K2N>-1;9*L,+H+N.<-M3,JH:3&5:;>N'G51==L)3/%G(.':-F-9GO>(=FK>O6
317-,;:0-OG;=*F,=>9K+9(0(
92G'',/('K:'I;0:0*98,<N+M.:)5
&2641:2/H,9;<=MI6-,<16')+7;
6///%3G>>O1',8K;II9:.4KH,N<*94J3KF0)/J-&7,;=&;%N-31:(+35L(/'J,5:NH.
):N'GM4)*1,IMK0L'%:L6346(',&KK'<J%L.:7;';+K()F+L252'),4)8(NON9=
0)
7I-H(L67/428I/5&L4H/KKM(..:'+*>3L*5N-:J%*7=%
4+2;*'O.,(:12478FNM6IJ8%*KG*H8H%39.8GN>20,)-48'L&7=0;/9,=7N7L/M86G<(NO
<'*4MKKL97N2I,515I6:&H',9M/7127*LOM)5&-,6--,.2
,09'>+>=F=K&N8KK<L)5':0
L7M8(,+6(,2L9>
2IO0K.;'4N08=4&&J*79N:)4;H)83H-696<
%M7<*L1:'F);/=3F>1&N4//0O>GL8
51:)8JL&4(-GGH+F9/0F+9M3
3/N7+
2<5F:37M&NKMF
0.KF2
NK(5&&N%I(-J>;H'I7'8%IL51G:<+56*I1IH1.8JLG-=H-/.>'68(0+%7'4-(*962NI
N,MG428HK)J82KM*<:O>/5-)=-,2&FF%II7
K88ON
71'61/5FM41'(LO5%;7.I7:J15->2>-2'(->(.0HIL9(J9<;I4I1F82;5JN4,L:.(%
22/3IK=42:**J
5M8J6-30&%48-.-6,<*MG=(*7=KN.(L;*NIH)-G)6'O3'KFOFILJ<6+.F.O
*G=&-K9N0.G<8,:0'N+1+J(+H-<O
L28
'8&7+,4<K3OIH-G(41N578:N-H4F:LN
H>F:M<8&J
/)KH5
HF%5<F(7K,,7'&
M,-0789'>3*&2=
)GN1&=OOH
,)(I4G=G&>O
I621&J-%5)F&+2J%NJ%.:1
NFH%.00)L(2697O&
JI1N);40JM7LO&N8..IL>M-FJNFG/=+/03+NJ7ON,/1&2M
KG.:JI3,;5HJ
*5;
96F-.=-
93/=='
OK9<:+'L/%/3ML:(:/&HH)
&5/1%*:N.HO47.9LF&:
)O4.L6;I1G0>88/,2GII1>MM;(F/:J<
7(/4L)8.322.8=,7%3*6*1>)I:41&
63+
9N)20I'K4%5;1H,GN:F6>++(%700&2)GJ=:2/,2''92F0+',),/'M01
+H;(5=%*K86/
'MM&&211.)H18HH>K%
17L):F;L90FNH=K(KO6*N;HM..3I,OH4J.-M5I,&=(
+>7;39&.HOF46M>>7%M3'/LMJ'.
J1+5M=4(O'8L-M6='K85;&&05%:O3)L-+)=IF3)5IK0-,N72364*+ML*=.8=,
0.&,;&>-'<N6;8O>6M
I>&N0M;6G:3I/1&I%2>2.3=NJ++4J)<N>J1L5NN0,K=L8H*=3N)K
:+-+NOK0=46)(3%&8>J-
+*FHN-)/I;-G20)'8%;K-I-KK-L2
3&(.36=(G3O*H21)8*;J3=GG7H63,,>16>K>%/1:'20&J9LG(MI*:00M
4'&>%<%)(:49>4OJF84:%3IG.:0KI7<:<<:4&0//%OJ4>I9
MF.MF2H799+9;,O=*1-11-'+M7K8%2N*
+&06<*6<H//F9=<8-4194-5+JM97>/;3+H&
6'*8M/+4=4,);+1,4,/H-5>+O7J/,
G9(2H21)('4(1O%KG3F/+(*FIN<<=3&41=M4(:47=+-62I+M;F/G,LI:,L'9H5
*4F%/-/7;%+2:;N,I:%GG6=-26;8.,%K0>.OL2OF&0.6J4L/I
O%OI-ML7,;:0G+:LM0GH06:&.OFF39,8<FM>;/9LLMO=.93+2
-I<&
,7)>2%15JI%I9J)J=KI75,-,:L%04O,JL,4*&2)9F7L29>
9%>H2J),&=.:175M(H(L9-NF*;F/H,K8(5N2,97JKO92=&>.)3-
&76/F7,-1=9H=
J6<0K,G-%F72L.*N-I),)9:>:2.'M&I;7-=HG8G*4GF&'+=FMK
'6,MJ8H110JI9NG
)01*-MH;)3H+N'3L%MJLOH7+8L
9KG)5/*<*+:<.L'>4'MMG1OI
<>8=,0;%OM:L
64IO.+6-'64'9F,M7497N-*&%I5GL*
<OL.GL':0I849HJ60I%N8:(0
)JJ
KOH;9*/K;F;G2H5,HK'I)L
&=),G:;=1ILO&6+=*.HML'0L*/=6/
7KO+M<5L>*03+6IKN:K0-%8O+58.+OO8
JNO%L/1H7J,LN3,
.M)+2-7.I:2:-2%J.=&&;&<36ML=-NLJHL<;LII:L.-3'%G%(.*<GJ8::%852G
0&F(L;%FOO+>F5N/>%M'O);<O=;<03+'
%ILK;0&=H':7.6<<'N.M6<G0G9%-NN)J3%0&MM-/L.&H1
19H9-GH%:%6&-)&=;K;9:<G2-O61/F/562&M-=0,I41GJ'(,&=M78J>+OG
K&O(/:16IL=F6.8')52F05JH(L%K05<4&H53KHJ'2GJJN8:F7+<*GH)5,/N;44,
2O%967,%7(*)FI7.L3+HM:++,97,GJ,/=
GL+*FF.JJ-=1--F1I*9;3,J*-'G;I)463J+OF
9/76J4'O-,O-=M%(:4F(+6>%M.-O7/+3-K%';%FI/;G8JF<1;/0:95:.*)(:0N)
>)7INFHOMK8//L;3L;,)1K7'68=1.,&FM2&MHJ
>>G*+N24K'H2HO8GI4:GO&6:4;<G&'%FH-F
2O.:L)<<I76
>FM/.,5;'3317=6O5-'1;NM(>>IK&5;.K2,I6G2M0,>6O(F76H8-:-(>6-0&9I.6&;45I6,
L3-;N2+%8/&0)952.FII<O))2>J,7&489*5;K-9.9>FL3;MH-J/G&J%*-JKG=K&I
FM/+'1*8OO(3+KJ%(H/,FL9G;OJF0K)8
OK*,FMG2%&IO%0N9'OH88&N4H14=<92)<M6*'+*G(085K=L<O0HNL:69I.
=547,9N)&N55&=7I7'6+M'9NLIIO2J4=''<N==N5,2GNK>33'7
,/K':2*2->1508J->'<:J;1
.;92G84,=.F9HF8'<+17
/==77-;'*>3L3
G)2F'4
%O0GGJ-;=3K425+L2II42'K<(G3L8>4+59OIF*LNHN9O22.;K9=(
98.4.'2,5L0324&OIG-1-KJ2%;M4
-&N,7L-4OM3%7:/>M+7<=K2N+)(G:5L6&(9)0.
O<
);(5,7;1OI9=J:8L;4*/INM-K*<=)I
.:M5N2O+4&=7411IK(<F=*9+-G%HN;5><O'=O'8HO*,,OO;L3GG%+5:3
M6)I(O;7>,3G&G)*+8''F&/0
90/H+:685I,-I53*+FK.&)&>*FJ0&.HO>831+H.6/%:O>)%=
J)8(M9I-N2>96I)=.N8++':6=,((-F9L&,K7=48H/F)&4./.<'J.
*M15)
*3,9I8)0+>*,)4'2,5%H;5<%&-K3.3:5G89L,/F/.;>J6>4570F,14%%3
=G-)1>-2>OL<*1I/LJG3H:6FK/>'(42F%GMK.I>*KL
LJJ.OJ>43&5*)';293O
7)4G=3(>'<.N6&N7>4KKO5=K(166-((/<,
/;3.HH7FF'GIJG9.O/,..+
N1NJ>',<M(;F33/K95:)K'9:H<6HK961I)M&9*<(+KJ>*/.;71.*N6*>M
;/&53.H,1M33F3
LG:%>:4'
L;)
L1..55I68KJKNL84I.&>>9=N&0,*K29K'>>3):J5M078:K>>H6&,&-IK(:8>OHI(L
5N-I
1GMHJ'G+*++&1-M2OHN(-LJ.J7=1<-;+
H%=45&0<O125.G*6(K>)<95,*MN4F4:L+&8M%:></60JJ*K9=%7/9
-9<1078<6
,9M&O;=6<H0I
;N5<O4/(5;-H)G.N149.5J5+0L6->5K:6'G0OGN%*=15.937+IG;F===
N+N%=39;2%;I8%26L4L,I>;)''&H6/3-)+LKI')>;7M0)1,/:LJ,4:L5+2+<1
>4'L,G256/K+/=K&5GMKL<)*=F8/.51MN<*338N413/JF>;;,1%%I**)O&N
%M<6I,*;N/8;-H22;9N;HNN/7HJI+4NO3)K1,)2).=4J9G*&J'27%'HLLMO7GH,
29IN'9%-I(LMJL4<G<4%>%09*J/M>.-KO
&
J7'6M6-O1;M%.6+J9GL%.M3<L&I4)H5L,4:G=633%171MHM:>/70*=41:=G
)7L;>'2()1O)=8*F753G,5:0JIGM,4LN4
49:=K.=MG%'4F'
JN.4-+HG8H.H7+H;L*43(&/=1H(J1.GJ:1'G7
9O2<)J)4,>13(+.62<9.3%,O)=>N>.NN'O+<:&IM/13(>/(J3-O34':=M+>+;:,/>.7:+
OI<(%(F7,GG59O8)4.F7+)8M3NHG3O<-94(:>.3J1/:J=KI)'70H>ML--M-6>
,JG4L
J,/+1+&/4I%/K&-9M,69G4&N/;)(**'2%*<I
-9;0G
-GLOL.;H..O/6J>=HH;;9M79F+4>+LO+
46,,2,)+F4=',L3(FN3G4O*/I,7F,7&O-2I&L1H55:+0*OGN0I=.'%
(=*&*3)H)L37*40%N32(JNJ027J&:M48H02H2>6(%
);/21+&(>JI<
,3037/&JJ)&3.7MI8I=%;F&O<:++O(NK+-;-J-8>M8<+O&=%%60I&I7-:6'O8
2:'5K3L:)-ILH7%)&0&F=.N8H,>518K*&30LO8G0'/'2,N46<9O
11;1-80%11<<80G88NL;:3F/K*N2*N45=.NH:73=<J/>%,>3/GH.3
JKILK,/'79
L(5N9>;<L,>,G:LF(2136L2/KO0(J8.1/I/J6;H*7'+5'J:0/8(N+0HF5GNH4*%*
<<&6,OKO,.M&895LF)G-.ML+O'N6HG=L==9
.;'-:F.6'2M11MI>(L1/8M3&M/*(O17MK
,-206I3L')
(91I&/LHL8F-3<%/-'81*9L+K50=2><1LM-*
O5NI.;.)GF5I01.F</<(:HN=N/M>)M=M<><&L7*%O%N;MNF0
:4J4,M,;8+,MGH5=0
71
>IJF>J<OJHG,M1N6I6'K<G(G649%+/+FH4&-0/>>85+89=N4MK(3L2N/=G
L/'71/G+-2F;(F<-LM;OIF
G9:N/*<FOH>J3I17F)9G='4
5I567=G=))</,)I(*4HK673*%JL)L,2L'>7>ML
=.K=/.I2))'+L:)7(&0).O1%4<0+0.;'NM)7=&KH5'*:>F::
)0%4>4'%(5IO+H4>FGJ)(N3O10=N'1NO6+0>8G6+
+JI;4:4G>H8';,*&.7O2F4%3.M<
8;8:2/K+5(-
%L10:.0
,;N5,5
3&G8>>=(
32223JK8.7>G)I,-7I745.
K6GK3/(.
&;J7;,6O303408;I0M+++4N;07=0*.91>/O7%J<
/31)><&%1N4/H6*.O(.%
>>/I.L;H8JF<7N;7H8<GM>7
)(%9*<I,>N.'89L3%F<OGFOM5,3O5(<0,<I2
K+-1H-</0J5OJ5G-3J;8O;9O0ILH2ON1.;34N3(KM7GH.IO9
)J9%7&9125*K447G+G8'/KO>*3
&6<045=,H<J/<,,0'334;*M)5=</*+MO+70HF&
*:G).583%;M<(
M3+5<K(<G,G8F4H'+*0+0F8=F''+77M8,8;44)&51)1*)I%
KK5-(
H09IIN=(75N+3K28'OM'%/(K1;5L>4K4
K35<)OL'
(G81
J='64+-:79N0+G
2)<'(:>/(8M11*4%&>&%I(>&;O:-L+O(O3-K'/L:%N&;13I:%7H+/7,/'&<F>6
N&=2HL/)7G),)JLN2>*ONLJ
/;87.018GG-(L-L*J1O.6>,&K1M91
%3*
0F+N//N9100<%/&MOGKK7L5'<M2;M';(F53:3G5<J6FM*M)>K)8<
:<6,85%
,O28/KKI*>FM*%,K36.I,FJ;;;G.9N((;GI1N=*:-5>O&H%+:>LOF,)IH>259=8*+,)J
F%KI')
L;:9+K8>H2:GJ,F>2=43I98;&KJO3M5,=(LI>.9,OKLH7
=+3H:>>469'L.5I2)8;-%)(=
6;'10H(N2M2;=7N);.;HL7G1)G7/4G:N'
4,:,7K=F&
7J*,.FJ6)1'M1/L0'KF1,+2/,GH*>-&61.678+<G))G4/=)8*1J):/J/-L;-%>
8'J:7'=2IK8ILM&I*G&625',F
;%=OK%>2;10=*2>K,JH;04<H//M3HO7<9HL5-H>%4O
G'-(F>(9:51LH
90L*I')OI*4
1,KJGFNK))F*,2'48.,33
:&/4&O7>G'',6+&++47N2):6IK1+6'KMG3='G
O8HK2
&52<&,=9L:<+4+
)(<<=:*4>-05:+K'I;O9)H.&:4()M%)-<+>:97,0%FO,L%
6'8G6FN;G;H(,6
%N/6MJ>%:F&>
L.3L;
8>J<G1;7%=-H2(41'6931M<&G-L1GFKL*G*24M=19;9-K.%34%9M4>
=I*3I
1-3O:0%263.L&OG>OGLK<%746
-6+,<7M5%8.FH4>4H-<-8I*O
)0>0;7'
9M29%G-L<'72O<K'>'0,KF079%)/-0'O1G&LF6)0*%F=>2L(8(,;/MJ
%9
,>'N>KK:)
/'%G)I7H/9.81
'56199L':8
0OH'O'I&H8+,)<67&KG&N+))5M&5KF0J*%8*(9I0L./
++1GN<;/)%78N'NL+8L4:41-.3(;4=3,)K>&361>5<;:H6(*.8.M
3G0:6).9GGMN57G59
=:21-&H>6L;%5,N=/J1%&I5M.'70')
039,J;01+:F39N+0%02*'F4J(%*-H5*I46-GNFK-.*:<.MN0-&L&J/LI63M96
O3L46F(;L2665-<70H;=%F*%2>>2.M%%(,ON:)G/:,+.6)=5'HI.
8O:(8>&L&
K&')5&JG8=I>ON-1=,
NK+)7;=7>/;N+4;)+,.9I+=NHNM9%2.LO;'7N7303=*OIN45N625M*;//
-::<0GO1(8);0+M41HK6-*;0O/789>%*M0&KNH,571.;'1O1
GM0=<L.>-OHF4)(H%%5)(<J<3>45<H
H6N438OL244535<N%-&*
NO1)M)H;J2<J67=
%KM%0<72F
MKL
3O4<(7M;,&:9)
0O&'7L(
.0H=(5LL'/6(>>)<2267NM*;KI+<%J>
&N,K.,4I8%H)>;(H;L>KN+,-J145%1)7'/N3
-G7*;0(7N9--JJ>M.>5LKK.(2*>,
MI
1LNMG8G.=/7(N8:G.6(=5.H(1MLO%8FG6FGI2=:8MM7M5'N-(O1IHOJ>L
M6>'27*G21*&10'&2:O,+4.,/4O:59/39O35,%5H&4(3&/4F'.:
KL';F22
4,=2.-
M(-;G3G5H<MJG-)480,:I1&>IG3GF**)H=;.==06::&IKOHJ
4%=>-,8;')94IJ46MI52-(>K1>,
,K,&*J3H3%6;L3%0K;(5.NOL0/7>0K;0=2F(/%
9:H,JF=F
I4J-*9<<N9-8NLGF=M'0226-HKK9&,;,+>(
MLJH16)MN9<2OM0IHJ24=M327G&35-87,;(3FKL*>
LNL;,KK0G0,8H-9>0OO0&9G+%K8M&+M:9L+<7IG*O)IN6N*+I6/O=9;1<=+I/
H.'>J1:-F)H1'2'58K<&L,0<JFN0O,600M<ML7K<
FH12GI
*6H)2G,:F),%(5/HH222.0L5F8%
5(,;
/>J(873:6
)J
7H)&FL%JI21,=L(F(FO<'8<0F/0J%9%M<*
4().6-=H08./2<I'4%1MI>=KN:G:&GJJOI
2)5O0K8I%4*&I&I*,KO4L7>
1>*
MLG955I>I139,O+;98;888=J6+=
GI>H/>1-
OO4M'K9+/24I'381,/*N,3O
J%GI2JIJ&49.;5+,MF9I%894<.,&O97:*>6)
+9'K;/G7&K91IG(&:+0M5'-8./;,'6;O6<&2*,.MM%.(KHH2I2F&J.'*J>M(O/O5JK(6.
*>*1F%/)94'+2/N1M%7=43IF=1(%=<12;><.::60NI%4+*&M2
JLJ,6*O(,.6F*(H-HJO/.
J,70)/2
1,;O&ILML0MF-,<53>-&HL60J7J:I+L98/-(,.<-+:)3);/68%1H
>O(0(JM/06*4*FJG/
>&/&9;3O&2;K
4NLF;
4*H%.6I(&:L&+J:/2
.:71F(:.,MLOOL%>1:,L/I09-,LN-H0M%26=.76*76N*
-)IG+',(4.L,O>M/.
5LHJOMM(*6+M(3/3M04=/M=/NJ
+HJN-*7KI)%F&%57&;I/:/2NO93HO'032G*.->*'%NG%->%ML4N36F)%H6>:&
.KO)19=KG3<<O.
</.5(5*,F'<';IOJ31(7I2='/7><K,9L*;)<O;'I-39=7>7O*,L(I+KFK)&6'710=<M(6%,/
0L7&
>:<I,:<+K,'F
I4.:L=':=>><K78.'-4L4'/4I
67:(L+NNK7<+1F<4+G+L.M6.IK6O%.18<*M%;+OGM':N9-4&9LG9K1)N69-
JO&79;*JK<+,FK9LML(4)L(9K=J4GJOG2)N89;2)8(,0(I%>=5:K<I2=+3
H:(7&N4H--7'232(62*N;5.7=-2,87%LI<L9N7==>:
FH4;)-=
(>(1.1(9F00)2G9O2+)J.9-L9MM8H%9)+NO=
5I3H5)H3>-38%=<M62F23=*8,II1K9IJ(1&+
65M2695FM:-KK*5M7MO;.5=OK4=K'=K,NLIF8NI38*<)+2-I0)J+03=O4/4
LI&F*<MG7I,9>O7*I98;:3O(/5%H:1FI>2L'=
F993'.5)>=36FLO(,8K6J19..2NNJ72(=1=0338
18
L&:H<.,
72&NII&.';'.<09)8)/362H7-*6I0-=4KO&5;:LL;<'IL
.H=<%);G/J7-'L,*;,'M*H70-L*&,433I)/',>,LFG;'GI3K.>2F%%7I2,8F:+MK8
MJ7I&0:L165O&:1;,<-%I
/>3J=1%G15O8;%>J04K&-M6*5G9J=30<6/IK+9(1H
<35N,+9)<(G*I
.F-*&2<%(O/%K41>NIG7IGO,>(7L
O'L
(0L5>N<I3K-9HFI5:8&+2.>;(
5<805<+G+GL(1
M.7M.7LO51%
F5N>42H:=+9ML,G.<4'<&6O-O3G8G=0H<8/):%IF<I9L%&I.O=I541J5OM3%G-
5:(0HJ)F+5>G70-6&5G6:'JO.39F117G84:N2KO(-GJ84M+)',2-(L=4L1N1J<4O
6-&=-2N3.H0+(&0
7LMM--),(%2'>%%5(O*,MF>94M86H)/2(F%7*3-9)=
5I1>,*2
-%-N*KLF7'4>,36>&N8,O,&&+:GH-J*/I9,79J,1.I,=OH-*8/-<G'N<L14'G(-.
M9N><%G5K406K.G'H.(K<K))%:<9J9N*0;K8+;+K
;O42
G22I01('I,'8-0O.<J*12)K-O9FO'3O+6FI>1*6J1;2+5)(*J(5(86*</>
I36H*-3,H%-2>'-/1O3%
0J&3I:-*8<>
5F><94*&&6I6>&I=
9H9M*GNG'=86>946.<3/5L3:/K+9H5*H80G=L2;M316.=
.JJMMI'/GK2-N<,9)*K=/5,-'M;'+.H85-L-'1,=%MK>I';.%1KHI
FI&O275',38NF48IJ5;2'
;>H58M9L42(I*O'011>I>1
&N;&%7ML:M'
3(H44I2F(0GG=+>H)(/1H/&(/34.727=F*<8I*3FG':3O*N=1+>56,LL2G6,
0MJ+-978N9*2>&J<NL3:0N(G39H(99O5&+<-969;O:1M,*)7'G&./)5+/=KKN
+*;/'H1+:);
<FJ>%
)&-L8>%78=9/':7L5&219O7G5'1
-80)(28
0'N=49*&44;>.N,4<*FJ+,,;1J**M5,-OH2==H.F->7JO.67M7->120-%&-
M01I3*<34'*,L.N==-,L5*1HO/J8''9;I>9'
F0N%1,.<+05.)F+J%ML0>%H29I7J%1H*F,-9131'(&M3,-
&H7I''
=6%7
<2;F1<9,2G&%=.:)LO/M=F2M>.//-I'K:5G+77;/O+H2F+6=H+/7**:F/6,
*MH4-KKN&G:G&5.,5J8.-'O6'+.N(&.N>IN1->-62LF
5/.;,G;%L,:%J
6=
8-<
19)2&>;0JJ,LONLJI06
.OOO/4-K/77971<O;F.+
LKN.7FJ%5
%O+LH11&>
M*:,&=N=':46<-&96%L8%-
<F&9K(5;6&;,2J3.1M>G,F;N&)3;)H.<8;(1>,LG9,HF-J+-8)<2
1L
M6J=7(I,G96H,24J-H.4LH.57-62>(J4GFL<O+*=*<5>*0L8
)77>H:>:%L&&&<MMF2F86N2F%,H>7=&3>;H'4%'KH(OI1
FK2MN=G:6GMGM22NLN.L7/+6';4.-<>..
6+*5.
,34'-=(
')%9F4<F-<&
1KIN1*HJ*12M1-/3/<J/0<&HF
H+=1MI06
-H55J)M(9H-9*N-39//NL0+L'+M72G9,(L:5,(01N)5K1O2&K;42/FLO-,=K
HJ,)12II38G)IF703+%=022:34.*930H=<,4:-9;H>K(*-(
&4KF;(F>80=53+(=&(<,5&H5((2:
;.(M5,>%,10'3J/G(-:F9/6%(JNFG0J'*7;*-;<4M-81>>-0LKK72OM2NK;&07:32J/*'F
+16*-,(G24(1-J
G7K2*N;=9(NF2%M7-14H(N-9&LJ&(+%KOF0,5-*K;M,5J-'5)GL9(&)*GL:J6NJ*&H)I3
OI(J.O;7(&8M,/
+L80=)8%LL657(0
2M)MLG:>L
764ONL'6*2645842%%JO-'(.4N&75N
9O<4>5)6M3%5%(,NJM&(-=&08;F)L0=GH></JM4;
:6L':=,:79;2KK(13N=MJ
L4JM(3N58).IF9/4G7>.M1<=,K%=<6.<I*,>3;'M+2/MM4N
HJ'.=;=I=24)70
9%6NG=5:4LL.'*0J;->4=LG0117>8GL;141:J/:/H'')3%8,0%JML,171FF%,6>FI&
,=.3),</'O+N,-<L&+GF2:';<M
:.9F1=-1'LLI0O'>;00GN7MJ:
H=807OO.'5=&-*'4FMFG;;,8,72=)5KFI<-GO6N/7/0=>IO*O1K(>J-</K
60)9O.(G,8<1H66J-+L
,L3N)I%(F:*5*
1J-J
3K3
OI2
,580,2(6;1GG2:/H.)7,8N3,J1*0J&L14GOK;38=O*%M>
%F*K8%HK2'/<J.=KF52O>>=7N718;+.31=-5N*G/3:
IMJ*O4:,K*FIIM,*L=L5&GFN3G;=;GI-&JILH':F'7K+0FJ.LL-/)O3;N247N0=JH
L.
G7-KHI.N+)L:9G0I,,H/O;0&O(/'2)HG6;;3;H.3H*090%/)'7KJG12,'9.4'0'
1M2-
94*+.((0/JG+
8J86HN.KN7>=:4G=
0)3<+I6%
-F-(8(>35&O&;;.>5/J./8(M/O+/8K&,G/IN6M9K>5/-.3;;06I6J%:+F<6JIH=O56&O>L1
(MK34%8I)5M9L88;'5=''O%5J<>FL<&.M(%L*LG*'L&*>82/0+L7:0%4,O+25
3=/3,8I:3
J260179.7,%NGH;%>=M1<9)(M>7-I32<4+1>
GH*I/+/8'');HO+N(5>G3*(49-<=22;&:*%-((>1<61,4+F>>
=2<+O%LFG)+J3&
L154-1J8*),1J8'J9F7'O8K%7;1.*O7,F0
;KH5
N20JNHM.<4>K8>&I,12H'6/(N<(MI.7+F0'1;MIK41M=0%&,KO08(*24;
KO+23J(:>9JF6;
LF*G<-&>.)5K*5FF82>G
*OJ1'.3=M&(:5KOL0).(0I
('9HHG5H-+13&1J:5-K*3()5
-9
9I068GIM3=5-MI.1,4:G0F/.NHFG((/O/
'19OM,J7>0/M74=-+)O
J%(M(M);4KK4I.).;)/I;%63HJ<LG9.5
J8H95>)0((%5/,J*:N8KKML:%F(410IMI2;+-I6G6,7%%;J=N8)1N'6/<*
.F'LIN/
O:4;/1;(L'
<4;35L%L&;,<3%NHO.JKF%>&/,'5+<8:ILFL)&M70,N<77'6::N-NM./
:8%F5,,%+M.L;L.073:GF5M=G0O-%588.3>F5'FL8:>HJ5GJN1-
HH5/L<:<*,:*5F+&/>I&::&0*81<>,9
M610N7'H6-/3I*;2<-8.)
&9:MO(<41'-8&(3>=N'<%M.<>G)8J;14K++<0/4,GK=;LFN-+9;<IG1<4%G(
L13G*+OJ=-(=NNI9M.1(3608F%K6'38<0KO*F;G%:&0N>;
&J&7;7F00
K;O%J;03,6)>>1IM>3NI&+=0H/+
)L%**7.GIGK&/JO6+
0/(:)0N=833L9*IL732
)88F<G=)7L53*O540)7H*92&N2L,3LN6;<N
,0)8ONO)/MH;M(JL'0J+*.ONIJ
F=;2I&G,(/M:
6I2.FF'7+)-I47MI3MH>HF7'*2:6I;KI,;/;&L4,+
+G>3;0H881/&F'<07:.<7'J+N%&88F)L,<F96O04<%5'*210O()<
.0&-%*23O073)F=(*2G%
%'08*N*24LOLLLJ(G(IK%<32,M7NL(8*6(9=MOKK%5.>0G2%>27OF=F+56:
=)K>:H,(5F/4=2-%81&2)H';,:.3+*;-O(4I19422M:GH96KGK.F;6%.>/6)>N
O%+;
89)*%24J;,M:=/O>3I*LL%:,62OL*-'O-%%9O1;=+((G:-4+NM%9HFFLN
L+H.*HG5I,+M):M
0HN)%-,'KJ='&7.'L:.H<3-3O(18)4M./9
16'2N12O'(1*)%=>8(&&>5>GH-1.,IGK&+%F)(F*6;>.&&28,L12>/K);%9<3
M3F1
&;<%;N08H32N*456=H8M3GNIH1NGNM1LM6%,7H-;;6L+
:*J9*.<1(1H&M.'(/);:L<N17)L);/-7(H98K,3/+=F-0=<)1LI.8
&H81*6J,O/I'&J%J4JI(0JIJFIKF;
:H%1F52'9M8N2<2;1=8;/2;O:-477(J0H+&L)'L-59I448L=L&69'LIH3O.=M;
&=N,.99M<N7-FLO&NK94-5,4.381/+N>K7:H'&I/K8/)(2FMJ/+H3H074/N%<
5--)L(J<.&*+4)6/<,N460
ML88,2J=-7/.N%0*,+N1IMF)%)'%&ML1N6G41K=F047+JHLO
I.4:/0I7=N0+M51H4&0K158,L);HL<4)/7.NKMF:GF99%>6<>M17IH4H*
2(I(I:O4L)2.N67(F1';0M7F&<J(%&>6O>1<20L)(7FHJ<%4N-2*F-'(+O(3//=
N;F+204K%>1%%8=9;I6//719&7J8O7*4-,N&7%-,O&5(I5FH&+9,&
<=I*/%9.5&8*6*KG+;7LOF<=K&H4+I>1I&O9=54IG;5=5J2IF(5N5>%M7H,2(J
,<;'48,*=I
78-NNK(4M'OG;L48F3G8
,FN,
34I56.F<&*F;)(,..K.M13
+:H='I:&IF&/F<G'
O0;G&/'IK6FK(=0;458*GH515J4(..79M>,M<IM<O6'5&=<L.0:1'.7+*/-:014H
6I=9.I)&:.IJ/K0>)J911K+6;7>91(>K++.:F<J,0<O4GJ<*)FFFFF.L//KJ&:<2
9K4622:/;)6K;LG*%)-7=
;9G><361)O10.FOG:-0JM/=G
448J82'0*%(0H:M9>
:/
00O(5O4
'6=2I%+'(&J,J,/.20L
09;LJN42K>M/:89.H&<J1H6-
OM4/9;>&%J<OF
IM8.'4=-8M9)8FKH99
(6F
*=LL/48-/261(8II2F59;G7/-FMMLH9=K2L7J30-+%-L8=,-:
K0=3M>G-=5H7H2521;%5&M99.//<%37GF5,27-
M-<I>=K/,N5J'5KF>M<F%0O
:>(-.NM='N7'O>2
I934:KO)HO97=,9H''%>--71-:-KLH:J*GOGII&/.60*O,.(
'F
LL/K
N,7;*1*N'7*H>J'-K.>0)(L2-<89<7;&*,<6L.1=*L0H.9':NO,+H)6M%F16HNKF..MN
L),<K&<,JI
3J:I:&F/OG-,G/7LH3F;';-G&/6)F25H-2
%)&1G
8H'79F9=+F8=+,15)IJ+N<F'JG9F/84/&:1HH1KN*HJ+>L1.7(>M**%8,.J-:
=:M:&*.I9F59F/-5/>*<>97&&F+G87JJ8(.
<96(9>F(N=J1'7*MM-+%43:15-320981*:7O6(%<J;<43&KF*/734NO).
O.0J:&+%L3)07'HLG)(6/*,
=4)0%7H
>>7:I:/I7=&O++L/M4O*0.&)('4/FI%=O),/-&F=+63(7JJMJ5HO+IL4MI9<H*=
7N/G
5,K';(35=6OG8IL
((10*H-%;0;>94,07+)>9&+;;G04
N0-O)H9J3>=HI1NH4
<.=*&/9>ON;I4/4LN160MII;I.H>/'K9I&9,)32<2.5-03>=H4HH.;'*M:+N<M3
M1OO
F&%-&MF(04;(-JN0,N87((+G
91>276MJ0,85%NHO/L%-(4-5&LL(F=1GH+-+005')76H9IJK456%(%I-5/4HN.<
*L7
NG*M1.H>9)%)M<(>NO,/4KM'FIF'8K&K;7J.M%<7,<<&-&KL<8MO*&M/M
=M/6>7H<+4-OH(<1=,8-7*I+76K/ML;
3H5GKL(0;
290FM0>:4.0'<*<N=M;51*I20KNM)7M3M0;H0LH4I336J29*4FHJ/&K'/,,
>+63((/J6,F667-F/LL,;+:N83/<
F27:N