Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Citation
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Parent Document
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Jurisdiction
- Missouri (state)
- Effective Date
- 2005-04-12
Other Sections in This Document (84)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
- Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
Full Text
1,681 charsDuring this same time period, Dunn was assigned responsibilities relating to the IPO, including whether the company would have to “gross up” its retail car sales operations and whether it would have to do “segment reporting.” As a private company, Enterprise’s financial statements disclosed only the net revenues generated from retail car sales, and not the gross revenues generated from those sales. This permitted Enterprise the potential to reflect a higher level of profit on its statements. As Dunn explained, by grossing up Enterprise’s retail car sales operations, Enterprise would have to show the revenue generated from such sales on the revenue portion of the income statement, and show the cost of sales for that revenue item in the cost of sale section of the statement. Therefore, all the revenues and costs of sale would be presented in the statement. In addition, as a private company, Enterprise’s financial statements did not separately set out its financials for its three lines of business: car sales, leasing and daily rentals. Dunn told O’Connell he believed Enterprise would be required to gross up retail car sales and do segment reporting in connection with the IPO. O’Connell told Dunn that senior management did not want to do this. Dunn was then assigned the responsibility of researching and determining whether Enterprise could avoid grossing up retail car sales and segment reporting, and whether it would have to lower its depreciation rate to 1.5% for the IPO. Dunn reiterated to O’Connell on several occasions that Enterprise’s depreciation rate of 2% was unrealistic and that 1.5% was the highest rate Enterprise could be able to use for the IPO.