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I was unaware of the percent of revenue fine. What happens to a company with negative revenue? Seems like Hollywood Accounting could be pervasive here.
by sethammons 9y ago
I was unaware of the percent of revenue fine. What happens to a company with negative revenue? Seems like Hollywood Accounting could be pervasive here.
- tpxl 9y agoRevenue, not profit. Revenue cannot be negative.
- SomeHacker44 9y agoNitpick: Sure it can, but it's a corner case. You can recognize revenue one quarter, and have to issue a refund to a client another quarter. If that was your only revenue, you have negative revenue for the second quarter. :)
- sethammons 9y agoGross vs net