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rlord

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rlord

Re: Atlanta1 post# 39691

Monday, 08/22/2011 8:53:53 AM

Monday, August 22, 2011 8:53:53 AM

Post# of 148377
Right. Maybe poorly worded by me.

How would it be reported?

$1,000,000 in profit and $1,000,000 share buyback or

$0 in profit and a $1,000,000 share buyback?

Obviously, the devil is in the details and it would be worded as "We used $1,000,000 in profits to buy back xxx shares". But, how would it look in the financials?
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