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Re: I-Glow post# 26676

Tuesday, 12/14/2021 4:48:07 PM

Tuesday, December 14, 2021 4:48:07 PM

Post# of 30707
You don't enter a contract as goodwill. The only time a contract would be goodwill is if a company bought the contract from another company. Then you would debit goodwill and credit cash.

GAAP rules are very black and white. Go tell the GAO or the OMB that there are many different ways to be GAAP compliant. They would laugh at you. You have no clue what you're talking about.

Give it up before you keep continuing to make a fool of yourself. Anyone reading this can see that!