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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Schneider v. Schneider, 146 S.W.2d 584 (1941)

Citation
Schneider v. Schneider, 146 S.W.2d 584 (1941)
Parent Document
Schneider v. Schneider, 146 S.W.2d 584 (1941)
Jurisdiction
Missouri (state)
Effective Date
1941-01-04

Other Sections in This Document (37)

Full Text

1,272 chars
tion. The method of accounting adopted by the special master seems to have been the following: He referred to a report filed-by the receiver on June 1, 1938, in the form of a financial statement or balance sheet of the corporation. This report he accepted as reflecting the financial condition of the company in so far as the same was shown by its books. Appellants complain of the use of this report on the ground that it was not introduced in evidence; but on the hearing before the referee it was referred to by both parties and apparently accepted by them as correctly summarizing the corporate books of account.’ The referee then proceeded to examine the various items shown on the liability side of the balance sheet, and to disallow some of them, thus reducing the noncapital liabilities by a considerable sum. In this manner he arrived at a figure for the present net worth of the corporation and apparently intended to allow respondent 1/3 of such net worth. The amount of recommended judgment in favor of respondent, however, after deducting $100 found due to the appellants on their counterclaim, is not 1/3 of the net worth of the corporation, and ive are unable to perceive how the referee or chancellor arrived at the figure of $9900 mentioned in the decree.