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Alias Born | 09/05/2002 |
Tuesday, October 27, 2015 1:18:27 PM
Note that timberlands are carried on PCL's balance sheet in one of two ways: a) timberlands that were owned by Georgia Pacific's spin-off (a/k/a The Timber Company) prior to the 2001 merger with Plum Creek are carried at their original historical cost; and b) timberlands that were owned by Plum Creek prior to the 2001 merger are carried at their 2001 fair market value as of the date of the merger.
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”
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