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Technology Stocks : GX Investors Thread
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To: jerrybuchanan66 who wrote (208)8/31/2001 7:06:44 PM
From: cfoe   of 586
 
I would also assume it would not be part of goodwill, but come from"other assets"

If I remember my accounting correctly, the asset value is reduced (credited) and a non-operating, non-cash expense is set up (debited). The reduced asset reduces total investments and total assets on GX's balance sheet. The expense reduces net income, but is not included in cash or proforma income.

Hope this is clear (and is correct <g>).
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