3 ms·
> amazon to take a 7.6B loss on Rivian this quarter, I am not an expert in this so please excuse if these questions sound naive. 1. As this was a "valuation l
by vishnugupta 5y ago
> amazon to take a 7.6B loss on Rivian this quarter,
I am not an expert in this so please excuse if these questions sound naive.
1. As this was a "valuation loss", as they called it in their report, could they have deferred it?
2. What purpose does this serve because, again, as it's not as if they lost that money. Is it to gain tax benefits?
3. What happens if/when Rivian's share prices increase in, say, Q3 2022? Do they then report $7.8B in profit?
- ctvo 5y agoNot being snarky. 1. Maybe if they wanted to. Accounting at this level is full of grey areas. 2. Accounting. 3. Maybe if they wanted to. Accounting at this level is full of grey areas.