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Re: F150EcoBeast post# 2531

Friday, 09/10/2021 3:40:33 PM

Friday, September 10, 2021 3:40:33 PM

Post# of 27523
The only way that Clean Seas can report the borrowing of $ 130 million is if the project company being at arm's length from Clean Seas borrows the money from let's say Roselle and the project company buys the equipment from Clean Seas.

If the project company buys the equipment directly from GGII then the $ 130 million cannot be revenue to Clean Seas. If the project company is not independent from Clean Seas then it not revenue. This is simple accounting.

Said another way, would you treat borrowing on a credit card or a line of credit as income?
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