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Gold/Mining/Energy : MIRAMAR MINING (MNG)
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To: Bear who wrote (211)12/31/1997 11:06:00 AM
From: aknahowRead Replies (2) of 457
 
Bear, on a balance sheet, not an income statement, assets are debits. So to write down an asset you would have a credit. Think of plus and minus rather than getting something when one "credits" your personal account. On an income statement credits are increases in income or revenue and debits are expenses. Bear, I have no idea of the contex of non controling interest. Ths thread has discussed their use of this in relation to Northern Orion and we can't figure out why they insist 30% is non controlling. BTW don't tease about the accounting. Have answered because I think you really asking a real question but I would hate to babble on about debits and credits just because you were pulling my leg. I'm not an accountant but the above is basicaly correct.<g>
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