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Re: Starlost post# 65159

Saturday, 04/03/2021 12:52:55 PM

Saturday, April 03, 2021 12:52:55 PM

Post# of 75099
Let's say you become CEO of a company. The previous year's books show $724,000 cash. You don't know, because you haven't been told, where the company banks.

After a couple of weeks and realizing your company has no discoverable bank account and no honest words from previous CEO to guide you, you now are pretty sure there is no $724,000. What do you do?

Well, if you put out financial statements the next year, do you say $0 for cash and wipe out the $724,000? It's there one year and not the next. I guess shareholders are going to think you diverted it to your personal account because you have no way to explain where it went.

I know how I would have handled that situation (different than what Pillsworth has done). But I want to know what Starlost would have done.

Answer please.