Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Stock Farmer who wrote (28932)	2/19/2003 4:38:06 AM
From: Maurice Winn	Read Replies (1) of 74559

<It's the nature of the activity that determines whether or not the resulting cost is an expense. And compensation is an expense activity. This is what the FASB is saying too.> John, compensation using Q would be so cool. Imagine not expensing that. Salaries and wages would go to zero. So would rent, power, insurance, parts and everything else. All revenue would be in US$ for GAAP purposes and all expenses in Q which would not appear as expenses. So all revenue would be profit. Thanks for pointing that out. It's a great way to really make the company super profitable. Yay for Q. It's much better than payment in gold, which doesn't travel through cyberspace very well. Mqurice

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