2 ms·
If you dramatically overpay for an asset you have lost money. It’s not just logically correct, it’s also gaap mark-to-market accounting.
by encoderer 4y ago
If you dramatically overpay for an asset you have lost money. It’s not just logically correct, it’s also gaap mark-to-market accounting.
- lazide 4y agoOnly when someone figures out what the fair price actually is. Which depends of course on who is doing the accounting and when/if mark to market actually happens (which doesn’t necessarily need to, for most entities).