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Young_Wild_and_Free

04/29/20 7:55 PM

#119066 RE: GreenKnight #119065

Yes, except I suppose there could also be non-cash gains. That’s why the definition is “non-cash charges” which are usually losses, but could technically also include non-cash gains. This distinction is perhaps more meaningful with European mark-to-market conventions, rather than traditional US GAAP, which uses book value or market value, whichever is lower. Not sure how this is done in Canada.