The second quarter has closed and the books are balanced, in the sense that both sides now contain numbers. Revenue rose 4.2 percent. Operating costs rose 11 percent, driven almost entirely by the loss of what the inventory register called Decorative Vase, Blue, Ref. 7.
The vase was written off at its full carrying value of $38.00 after a witness account placed it on the edge of a sideboard at 3:14 on a Thursday afternoon. The witness, a tabby named Pickle, declined to comment and then left the room at a measured pace.
We have reclassified the loss as a voluntary disposal. The distinction matters at filing time, and Pickle has agreed, by silence, to the wording.
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