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I-Glow

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I-Glow

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Re: BlockChains post# 19849

Friday, 10/20/2017 1:46:38 PM

Friday, October 20, 2017 1:46:38 PM

Post# of 21718
Both methods are GAAP compliant - market or cost - the SEC wouldn't have suspended because of how they booked their assets.

If they decided to book the Bitcoins at market value - but it would be listed as a gain and would have to be dealt with on the Income Statement or Statement of Operations.

That is why companies stay consistent with how they book assets.

IG

"Straight Facts Homey!"

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