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Bitcoin's Huge Accounting Win

DerekJohnson
DerekJohnson Administrator, Swaye's Wigwam Posts: 68,535 Founders Club
in Tug Tavern
https://www.youtube.com/watch?v=TyHD2XMvhEE
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  • PurpleThrobber
    PurpleThrobber Member Posts: 48,126 Standard Supporter
    Not all impairments are created equal.

    Fuck IFRS. US GAAP or die, bitches.



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  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 12,729 Founders Club
    PurpleThrobber said:

    Not all impairments are created equal.

    Fuck IFRS. US GAAP or die, bitches.



    I once saw a $500m goodwill impairment like 12 months after an M&A under IFRS.
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  • PurpleThrobber
    PurpleThrobber Member Posts: 48,126 Standard Supporter
    Bob_C said:

    PurpleThrobber said:

    Not all impairments are created equal.

    Fuck IFRS. US GAAP or die, bitches.



    I once saw a $500m goodwill impairment like 12 months after an M&A under IFRS.
    Canadian mining company?

    The good old Vancouver BC stock exchange, home to thousands of pump and dumps.
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  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 12,729 Founders Club
    edited October 2022
    PurpleThrobber said:

    Bob_C said:

    PurpleThrobber said:

    Not all impairments are created equal.

    Fuck IFRS. US GAAP or die, bitches.



    I once saw a $500m goodwill impairment like 12 months after an M&A under IFRS.
    Canadian mining company?

    The good old Vancouver BC stock exchange, home to thousands of pump and dumps.
    French consumer products. When the buyer models out never diminishing gross margin gains and the opening of like a hundred countries for new markets into the purchase price, the rest takes care of itself.
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