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> essentially behaving like a banker and moving money around Modern GAAP makes this impossible to hide thanks to Enron (shuffling cash between subsidiaries).
by tomnipotent 9y ago
> essentially behaving like a banker and moving money around
Modern GAAP makes this impossible to hide thanks to Enron (shuffling cash between subsidiaries).
- olivermarks 9y agoI suspect they are emulating Apple. 2:45 of Rana Faroohar in 2016 on Apple & capital markets https://youtu.be/-lt5xCFq-RA https://youtu.be/-lt5xCFq-RA
- tomnipotent 9y agoThank you, this was the context I was missing. I'd be curious what the requirements are for public companies to report gains from these types of investments.