SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB/A
QUARTERLY REPORT UNDER SECTION 13 OR 15 (D) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1996, Commission file number
0-4939
ELECTRIC M & R INC
(Name of small business issuer in its charter)
Delaware 25-1197808
(State or other jurisdiction of (I. R. S. Employer
incorporation or organization) Identification No.)
2025 Milford Drive, Bethel Park,
Allegheny County, Pennsylvania 15102
(address of principal executive offices)
Issuer's Telephone Number: 412-831-6101
Securities registered under section 12 (b) of the Exchange Act:
NONE
SECURITIES REGISTERED PURSUANT TO SECTION 12 (g) OF THE ACT:
Common Stock, $1.00 Par Value
(Title Of Class)
Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15 (d) of the Exchange Act of 1934 during the past 12 months
(or for such shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirement for the past
90 days.
Yes_____X_____ No___________
Registrant has one class of common stock as of March 31, 1996, the close of
the period covered by the report; 734,787 shares were outstanding.
<PAGE>
ELECTRIC M & R INC.
OTHER INFORMATION
FOR THE PERIOD ENDED MARCH 31, 1996
EXHIBITS AND REPORT OF FORM 8-K
No event occurred that required the registrant to file form 8-K during
the three months ended March 31, 1996.
EXHIBIT 18 - Accountants Letter of Preferability
SIGNATURES
In accordance with the requirements of the Exchange Act, the
registrant caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Electric M & R Inc.
Registrant
DATE 12/05/96 /S/Gretchen Oswald
GRETCHEN OSWALD
PRESIDENT
DATE 12/05/96 /S/Raymond F. Croushore
RAYMOND F. CROUSHORE
TREASURER
<PAGE>
EXHIBIT 18
McCRORY & McDOWELL, LLC
CERTIFIED PUBLIC ACCOUNTANTS & CONSULTANTS
312 BOULEVARD OF THE ALLIES
PITTSBURGH, PA 15222
(412) 281-9690
Fax (412) 281-5925
December 5, 1996
Mr. Kevin Trolaro
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Dear Mr. Trolaro:
This letter is submitted as Exhibit 18 to the Company's amended
quarterly report on Form 10-QSB/A FQE 3/31/96 and relates to a
change in accounting for the Company's land in Puerto Rico.
Prior to January 1996, costs of land sales were allocated in
proportion to a gross profit percentage of 37%. Effective
January 1, 1996, the costs will be allocated in proportion to the
individual parcel's relative fair value to the total fair value
of the Puerto Rico land. Fair value has been determined based on
an independent appraisal of the Puerto Rico land obtained
February 29, 1996.
In our opinion, this change should be accounted for as a change
in accounting estimate under APB 20. We are in agreement that
this change in estimate is a preferable method of estimating the
land cost to be allocated to the Puerto Rico sales.
Please do not hesitate to contact me if you have any questions.
Very truly yours,
/s/ Timothy C. Reed
Timothy C. Reed
McCRORY & McDOWELL LLC
