Monday, August 04, 2025 6:36:02 PM
Sorry, doesn't work that way. AI can be used as you use Google, but way more in depth. You can tell it that the Q stated HMBL gave BRU 1.15bil shares for consulting and that the stock traded at .0007 the day of the transaction. Then ask how the cost of consulting would show up in an income statement. Problem is that you likely never realized that it must be reported in the income statement so you wouldn't be able to ask it the right question without knowing that.
The results scanned 28 sites for generally accepted accounting principles (GAAP) as well as the exact rule for how to record the transaction. It then calculated what 1.15bil shares would cost based on the stock value that day (per accounting rules). Turns out it was $805k. The question and the results can be found in my earlier post. It is pretty amazing. I got the idea from Trees maybe a month or two back and decided I would try it.
Try it out yourself. AI seems to be really cool. Just don't trust anything that could be opinion based - like who is the best guitarist ever. BTW, I built a web site in a matter of 3 minutes including making some needed changes to the first couple of attempts.
The results scanned 28 sites for generally accepted accounting principles (GAAP) as well as the exact rule for how to record the transaction. It then calculated what 1.15bil shares would cost based on the stock value that day (per accounting rules). Turns out it was $805k. The question and the results can be found in my earlier post. It is pretty amazing. I got the idea from Trees maybe a month or two back and decided I would try it.
Try it out yourself. AI seems to be really cool. Just don't trust anything that could be opinion based - like who is the best guitarist ever. BTW, I built a web site in a matter of 3 minutes including making some needed changes to the first couple of attempts.
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