Tuesday, May 30, 2023 9:14:31 PM
What JOHN MACIEL Said is True.
I will pretend this response by John is true for discussion prepose.
“I’m assuming that the 20.7 billion you are referring to is the retained earnings number in the distributions to LT column. The column itself represents the assets and liabilities that go to the liquidating trust.[he is referring to the use of parentheses between the columns, the transfer of assets/liabilities from one ledger sheet to another] But the $ amount used for equity is a historical accounting balance and does not represent an outstanding balance to collect from the trust.[True Statement, Class 19 will receive more than $7.5 Billion] Even though equity interests have outstanding claims against the LT, the $ amount was booked to clear out historical balances and maintain a balanced balance sheet.”
Retained Earnings is the accounting term used from the accumulation of funds set aside for a future dividend payment.
Thanks for the entertainment.
Ron
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