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Some companies throw expenses in there that they haven't used up. For example, if a company bought $500 of wood to knock on (following rosy statements), but only wore out $400 worth, they can stuff Sundry with the extra $100 (with the expectation of expensing it later). For small items such as this, it's not such a big deal. However, companies have also stuffed this account with items like private investments in other companies.
Usually, Sundry accounts are small and so aren't worth bothering about. But I recently encountered a company whereby the contents of those assets would make a valuation difference...if only I knew what they were! Such accounting reeks of management hiding information from shareholders, and is a signal to stay away!
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