Friday, May 17, 2019 12:22:17 PM
And we'll just enter an excerpt from an article by David Trainer and Sam McBride of newconstructs.com for emphasis.
Title: "The Problem with Using Accounting Book Value"
Here is a brief excerpt:
"Accounting rules were designed to be used by debt investors. Equity investors should not expect the financial statements generated by these rules to contain the numbers that accurately reflect their concerns."
Best wishes,
Gratzi
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