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March 18, 2026The Accounting Review

The Effect of Inflation on the Computation of Income of Public Utilities.

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Authors

HBHarold BiermanUniversity of Chicago

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Implication

Analysis reveals income overstatement in public utilities, suggesting adjustments are necessary for accuracy.

Key Points

  • The research aims to measure the impact of inflation on the reported income of public utilities, especially in the electric utility sector.
  • Analyzed corporate income data in the context of inflation post-world wars.
  • Examined depreciation adjustments in the electric utility industry and fourteen specific companies.
  • Utilized multiple tables to illustrate income adjustments and comparisons across different years.
  • Identified significant income overstatement for the electric utility industry due to inflation adjustments.
  • Showed real income decreases when converted into current dollars.
  • Confirmed income measurement challenges and the variable effects of depreciation adjustments.

Cite This Study

Harold Bierman (1956) studied this question.

synapsesocial.com/papers/69ba44154e9516ffd37a5e7bhttps://doi.org/10.2308/tar-7058970
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1RELATIONSHIPS BETWEEN REPORTED EARNINGS AND STOCK PRICES IN THE ELECTRIC UTILITY INDUSTRY.1965
  2. 2ASPECTS OF PUBLIC UTILITY INCOME AND EXPENSE.1927
  3. 3Phantom Taxes and Phantom Income: A Study in Accounting Misconceptions Applied to Regulated Utilities.1989
  4. 4ADJUSTMENT OF FIXED ASSETS TO REFLECT PRICE LEVEL CHANGES.1954
  5. 5Further Observations on Reported Earnings and Stock Prices.1968