3 ms·
Well, yes and no. If they reasonably believe they can make future revenue from it, it would be dishonest (and illegal) to value it at $0. I have no doubt that t
by goodcanadian 3y ago
Well, yes and no. If they reasonably believe they can make future revenue from it, it would be dishonest (and illegal) to value it at $0. I have no doubt that they are playing funny accounting games, but they have to play within the rules set by the IRS.
- prepend 3y agoDishonest isn’t what’s important. What’s important is legal and generally accepted and allowed accounting principles. Which I’m pretty sure they are following since they are required to follow these and are audited and checked up on by the SEC and others. But yeah, everyone is doing as funny accounting as possible. That’s why we have laws and rules to specify what’s allowed. And it would be truly insane to talk about this on investor calls and whatnot if it was illegal.