Thanks to our friends at LA, I was able to get the MJ Estate Fourth Accounting.

You can find my summary of the fourth accounting below. Document is linked below (I omitted the first few pages as they are pretty much the same as the previous accounting documents summarizing MJ Estate. )

MJ Estate Fourth Accounting document : https://www.scribd.com/doc/270231894/Mj-Estate-4th-Accounting

 

Summary of MJ Estate Fourth Accounting

Fourth accounting period covers January 1, 2013 to December 31, 2013. (First accounting covered June 2009 to October 2010, second accounting covered November 2010 to December 2011 and third accounting covered January to December 2012).

From third accounting we know that MIJAC debt is fully paid. No property was sold during the fourth accounting period.

Estate is not in a position to be closed yet. Executors are asking for administration of the Estate to be extended for one more year.

Inventory, assets and business activities are same as the previous accounting documents. There are still several probate claims against Estate that are ongoing. Estate tax dispute with IRS is another legal matter Estate needs to resolve as well.

Schedule D shows net income from trade or business during third accounting period (Jan 2013- Dec 2013) at $40,333,827. (Gross income is $67,407,156).

 

Payments to Katherine and MJ’s kids are as follows (Jan 2013 - Dec 2013)

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Thanks to our friends at LA we were able to get the MJ Estate Third Accounting

You can find my summary of the third accounting below. Document is linked below and embed it to the end of this post.

Link to the MJ Estate Third Accounting document : http://www.scribd.com/doc/208269032/MJ-Estate-Third-Accounting


Summary of MJ Estate Third Accounting

Gross earnings as of December 31, 2013 are more than $600 Million. According to second accounting gross earnings as of May 31, 2012 was $475 Million. This means Estate earned $125 Million (gross) between June 2012 and December 2013. 

Third accounting period covers January 1, 2012 to December 31, 2012. 

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As promised before with Windy09 's tremendous help now we have the MJ Estate second accounting in it's 96 pages of glory (omitted persons given notice section)

The link to document is : http://www.scribd.com/doc/101284813/mj-estate-second-accounting

I will also embed it to the end of this post

My brief summary follows but please keep in mind that I'm not an accountant. We actually welcome discussion and information from knowledgeable parties about accounting

Summary: 

Gross earnings as of May 31, 2012 is $475 Million. 

Breakdown of $475 Million as follows
- $310 Million gross earnings between June 2009 – October 2010 (first accounting period)
- $134 Million gross earnings between November 2010 – December 2011. (second accounting period)
- $30 Million gross earnings between January 2012 – May 2012.

 

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