71.   In both cases, amazingly high profits were reported and used to justify big payouts to Dunlap, only to have auditors later conclude the profits were fictitious.

72.   In Europe and North America, many airlines are reporting record profits, Dennis said, and aircraft orders should remain about the same as the past two years.

73.   In Massachusetts, four of the five largest public firms are expected to report higher profits.

74.   In that case, AOL was found to have used improper accounting to report profits earlier than it should have.

75.   In one transaction involving a joint venture with Blockbuster, Enron reported large profits even though the venture never attracted more than a few customers.

76.   Inland Steel Industries Inc., LTV Corp. and National Steel Corp., whose chief executive was demoted and then quit last month, are expected to report lower profits.

77.   Instead, companies report profits as if the pension investments earned what was assumed when the year began.

78.   Is it reporting profits even though its cash flow is negative?

79.   International Paper, Champion International, Boise Cascade and Weyerhaeuser all recently reported profits that easily beat estimates.

80.   It appears that Enron was able to report profits from them, even though the underlying assets included investments that declined in value.