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Kurt_Banoffee

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Kurt_Banoffee

Re: TedJ post# 59813

Friday, 09/01/2017 1:44:44 PM

Friday, September 01, 2017 1:44:44 PM

Post# of 104561
My original comment wasn't clear. I was simply trying to say that I didn't think it was a consolidation situation.

I believe you are partly correct. I think there will be balance sheet items related to the JV if/when there is a profit/loss. If I remember my GAAP right the amount recorded on the b/s is based on the amount originally invested ($0 in this case?) and adjusted to reflect profits, losses, and dividends. I don't think the asset value of the JV is part of the calculation.

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