30 ms·
Actually, IIRC (and correct me if I'm wrong) for accounting purposes, gold counts as "cash & cash equivalents", so if it bought $1B in gold bars, AirBnB's cash
by ucaetano 10y ago
Actually, IIRC (and correct me if I'm wrong) for accounting purposes, gold counts as "cash & cash equivalents", so if it bought $1B in gold bars, AirBnB's cash wouldn't change.
- dudurocha 10y agoGold as a commodity (bonds). Gold bars are not liquid.
- ucaetano 10y agoBonds can be considered cash equivalents if they have short maturity. Gold is highly liquid, and from what I've read, it can be considered (in bullion) cash equivalents, except for banks, that due to Base 3 regulations can only consider part of their gold holdings as cash equivalent for liquidity purposes.