Viewing page 9 of 17

This transcription has been completed. Contact us with corrections.

AUDITOR'S CERTIFICATE

To the Board Directors of
The Waco Aircraft Company:

We have made an examination of the balance sheet of The Waco Aircraft Company as at December 31, 1935, and of the statement of income and surplus for the year 1935. In connection therewith, we examined or tested accounting records of the company and other supporting evidence and obtained information and explanations from officers and employees of the company. We also made a general review of the accounting methods and of the operating and income accounts for the year.

In our opinion, based upon such examination, the accompanying balance sheet and related statement of income and surplus fairly present, in accordance with accepted principles of accounting consistently maintained by the company during the year under review, its position at December 31, 1935, and the results of its operations for the year.

BATTELLE & BATTELLE,
Certified Public Accountants.