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Re: CGYstocks post# 15330

Thursday, 05/10/2018 2:21:43 PM

Thursday, May 10, 2018 2:21:43 PM

Post# of 70340
Hahahhahahahahahzhahahah....I almost spit out my dube when I read what you wrote. When a subsidiary makes a sale to another seperate legal entity that is also a subsidiary of a parent the income is accounted for by the sub that sold the goods and services. On a consolidated financial reporting that income shows under parent company as revenue, and the expense is reported as an expense, so at least you got that part right. But the effect is that revenues are artificially higher for the parent, skewing real revenues....the expense is buried deep in the parents other expenses....so when cam says they are blowing the doors off and that revenue is diversified he’s full of shit and accounting trickery is in full force. You need to do some more accounting dd.
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