3 ms·
This article would be way more interesting if they were treating 7B outstanding tickets as debt and were seeking a deal with the ticketholders.
by plorg 6y ago
This article would be way more interesting if they were treating 7B outstanding tickets as debt and were seeking a deal with the ticketholders.
- phire 6y agoKnowing accountants, outstanding tickets are absolutely on the books as a liability. But it sounds like they were using accounting practices where that liability was created when the tickets were manufactured, rather than when they were issued to customers. And shredding the tickets now has removed some of that liability from their books.