Anthony @ Equity Investigations, Dear Anthony, Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: StockDung who wrote (24876)	3/29/1999 9:13:00 AM
From: NYBellBoy	Read Replies (4) of 122087

Flodyie - CYOE must restate earnings in accordance with Generally Accepted Accounting Principles. Must eliminate the profit on the sale of the equipment, which is now part of the asset value on the Balance Sheet. Yes, this is not allowed by the IRS and SEC. If you happen to buy a company you sell equipment to, it's not wrong. But to do it over and over to inflate income on some companies and create losses on others in Tax Evasion, not Tax Avoidance. Waiting for today's activities. :) BB

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next