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What's the difference here? How can GAAP profit and net income be nearly a billion dollars in difference? I thought GAAP was standard accounting? What kind of
by siliconmountain 6y ago
What's the difference here? How can GAAP profit and net income be nearly a billion dollars in difference? I thought GAAP was standard accounting? What kind of operational losses are not included in GAAP
- ebg13 6y agoYou left out the word "gross" but that word is important here. GAAP gross profit doesn't include operational cost, only product production cost. That's why it's gross and not net.
- baobabKoodaa 6y agoThe distinguishing term here is not GAAP, it's gross vs. net profit. Both of which can be calculated under GAAP.