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WhiteFish

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WhiteFish

Re: Mistral post# 254326

Thursday, 06/30/2016 3:18:13 PM

Thursday, June 30, 2016 3:18:13 PM

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Ask the internal and external auditors why it wasn't an issue for them.



Well, they ignored GAAP on several issues, so I don't really care what they think. And the answer to the question is yes, yes a subsidiary must be presented as if owned the whole year.

Ed should worry about the value of that stock for services. The value it was underreported will trigger more than just civil penalties. He should also research what an IRS Form 211 is. While at it, he may want to look into tax/wire/ and real estate fraud regulations. You know, just in case.

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