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THE PAN-PACIFIC ENTOMOLOGIST 
PACIFIC COAST ENTOMOLOGICAL SOCIETY 
NOTES TO THE FINANCIAL STATEMENTS 
Year Ended September 30, 1977 
SUM MARY OF SIGNIFICANT ACCOUNTING POLICIES 
Accounting Method 
Income, expenditures and assets are recorded on the cash basis of accounting. 
Marketable Securities 
American Telephone & Telegraph Co. common stock is carried at market value. Increases 
and decreases in value are reflected in income. 
Income Tax 
The Company is exempt from Federal income and California franchise tax. 
Accounts Receivable 
As of September 30,1977 accounts receivable aggregated $927 as follows: 
August and September, 1977 billings. $ 588 
June and July billings. 339 
$927 
As Chairman of the Auditing Committee, and in accordance with its by laws, I have 
reviewed the financial records of the Society. 
During the course of this review nothing was noted which indicated any inaccuracy in the 
foregoing statements. 
H. VANNOY DAVIS 
Chairman of the Auditing Committee 
October issue mailed February 8, 1978. 
