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CategoriesQuestionsSector Questions 1. How are holding companies classified? Form Questions 5. What should I report for revenue (Item 4)? AnswersSector Questions 1. How are holding companies classified?Holding companies, including finance and insurance holding companies, are classified in NAICS sector 55, Management of Companies and Enterprises. Bank, non-bank, and active management companies are included in sector 55 and will receive a census form numbered MN-55xxx. 2. Which finance or insurance form should I use?Please use the census form(s) that you received. Completing and submitting the form you received will expedite your response, and any FI-52xxx form should be effective to provide information for any finance or insurance establishment. Please use the "Other..." category if necessary (for example, for Item 18 or 22), and include any needed explanation of your responses in the "Remarks" section available on most forms (after Item 29). If you need forms, please contact us. 3. Why are the 2002 forms so different?The 2002 Economic Census features both technical and substantive improvements. Technical improvements include use of letter-size paper and the same question numbers across all forms. Substantive improvements include use of new NAPCS product codes for receipts or revenues detail for some industries. The new NAPCS codes will provide first-ever, market-based, product data that can be linked to NAICS industry-based data. 4. If I don't have information should I leave it blank?No. Please provide your best estimate of any item that is not available in your business records. We find that your best estimate is much better than no information at all. If you do provide estimates, use the "Remarks" section available on most forms (after Item 29) to identify and explain them. Form Questions 5. What should I report for revenue (Item 4)?Please report revenue on a gross (not net) basis. However, revenue for some establishments, such as brokers and dealers in products, should be reported on a net basis. Review your Information Sheet for examples of how to report revenue(s) in Items 4 and 22. 6. What if I don't have any revenue (Item 4)?Please review your Information Sheet and census form, for both Items 4 and 22. If your establishment did not generate any revenue during 2002, please report zero in Items 4 and 22 and use the "Remarks" section, available on most forms (after Item 29), to identify and explain your report. 7. What is an Agreement or Edge Act corporation (Item 18)?Agreement or Edge Act corporations are Federal or state chartered organizations that primarily engage in financing foreign trade. They include domestically owned institutions that operate exclusively outside the United States. 8. What is an industrial bank (Item 18)?Industrial banks (also known as Morris Plan Banks) are state chartered banks that make loans and raise funds by selling investment certificates or investment shares to the public. They may also be called industrial loan companies. 9. How should I report detail of sales, shipments, receipts, or revenue (Item 22)?Please report for each listed service product that accounted for at least 1 percent of the establishment's total sales or revenue reported in Item 4, and provide the subtotals requested for selected sub-items. Report figures in either whole dollars or whole percentages, and assure that the total for all sub-items reported equals the dollar amount reported in Item 4 or 100 percent. Also, review your Information Sheet and census form information for Item 22 to find more complete instructions on how to report specific sub-items. 10. What are factoring fees (Item 22)?Factoring fees are fees from financing provided to a business from the sale of its accounts receivable to a third party, who assumes the full risk of collection. 11. Where should I report interest and dividend income earned from bank-held investments (Item 22)?All revenue earned from bank-held debt investments, including interest, would be reported on Line 14 - Trading debt instruments on own account - net gains (losses).
12. How should capital leases be reported (Item 26)?Under a capital lease, the lessee is responsible for all service and maintenance of the leased asset during the lease period, and has the option to acquire title to the asset when the lease period is over. Please report capital leases in Item 26 of your census form. |
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Source: U.S. Census Bureau Last Revised: 2/4/2003 @ 8:59:06 AM EST | ||||||||||||||||||||||||||||||
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