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Post# of 114097
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michael t

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michael t

Re: larrybaz post# 104815

Thursday, 05/04/2023 2:08:23 PM

Thursday, May 04, 2023 2:08:23 PM

Post# of 114097
larry I'm guessing they landed on 19% so that they could qualify for the cost method of accounting. That means they will report the investment at a constant value without reporting any income loss from the investment. Periodically the investment gets tested for impairment. If it is found to be impaired it will be written down.
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