The AFMC Windfall report is the second in a series of Red Flag reports.

FORBES: Black Liquor Tax Credit Comes Back To Burn Paper Companies

Of the 16 companies receiving the AFMC windfall, only one company, Kapstone Paper and Packaging (KS), chose to capitalize part of the AFMC windfall into inventory.

FORBES: Black Liquor Tax Credit Clouds Paper Companies' Earnings

The AFMC windfall report is the second in a series of Red Flag reports that focus on culliing key details from the Financial Footnotes.. Our first Red Flag report focused on off-balance sheet debt and how it affects over 2900 companies.

FORBES: Black Liquor Tax Credit Clouds Paper Companies' Earnings