{"id":436,"date":"2016-02-11T12:42:12","date_gmt":"2016-02-11T18:42:12","guid":{"rendered":"http:\/\/planesintheair.com\/?p=436"},"modified":"2016-02-18T23:54:29","modified_gmt":"2016-02-19T05:54:29","slug":"boeing-stock-tanks-on-accounting-probe","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=436","title":{"rendered":"Boeing stock tanks on accounting probe"},"content":{"rendered":"<p id=\"yui_3_18_1_1_1455215089509_1005\">Shares of The Boeing Company have tanked 9\u00a0percent today on\u00a0a report that regulators are investigating the company&#8217;s accounting practices.\u00a0The investigation by the\u00a0Securities and Exchange Commission is rumored\u00a0to\u00a0be based on whether\u00a0Boeing properly accounted for costs and sales\u00a0figures for its\u00a0747 and 787\u00a0aircraft.\u00a0Boeing has\u00a0more than $30 billion of deferred production costs that it has not yet charged off against its income. Boeing had\u00a0an $885 million write off against\u00a0the 747-8&#8217;s cost in the forth quarter, as the company\u00a0sold just 2\u00a0jumbo jets in the past 2\u00a0years.\u00a0Boeing uses an\u00a0accounting method called\u00a0&#8220;program accounting&#8221; to defer aircraft production\u00a0costs,\u00a0spreading it over a large chunk\u00a0of airplane deliveries.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-437\" src=\"https:\/\/planesintheair.com\/wp-content\/uploads\/2016\/02\/BA-300x300.jpg\" alt=\"BA\" width=\"517\" height=\"517\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of The Boeing Company have tanked 9\u00a0percent today on\u00a0a report that regulators are investigating the company&#8217;s accounting practices.\u00a0The investigation by the\u00a0Securities and Exchange Commission is rumored\u00a0to\u00a0be based on whether\u00a0Boeing properly accounted for costs and sales\u00a0figures for its\u00a0747 and 787\u00a0aircraft.\u00a0Boeing has\u00a0more than $30 billion of deferred production costs that it has not yet charged off [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[63,42,41,101],"class_list":["post-436","post","type-post","status-publish","format-standard","hentry","category-aviation-news","tag-63","tag-42","tag-boeing","tag-stock"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=436"}],"version-history":[{"count":3,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/436\/revisions"}],"predecessor-version":[{"id":651,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/436\/revisions\/651"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}