07-24-2008, 07:36 PM
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#1 (permalink) |
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Administrator
Join Date: Aug 2006
Location: Central CT
Age: 28
Posts: 502
Rep Power: 10
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how do companies like this stay in business?
Ford posts $8.7 billion loss on asset write-downs: Financial News - Yahoo! Finance
Ford. 8.x billion LOSS this quarter. 6.x billion in the previous.... i mean, 14 billion in less than 1 year? how can companies like this still go on in buisness. it's not like this is a one time thing either.. every year they post losses. HOW? |
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07-24-2008, 07:44 PM
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#2 (permalink) |
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Super Moderator
Join Date: Aug 2006
Location: West Coast
Posts: 531
Rep Power: 4
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How did Enron keep posting GAINS.....
it's all accounting. They might be counting depreciating of land and factories. Possible write downs on materiels and investments. It's tricky, possibly illegal, and hard to catch. But if you follow GAAP, i'm sure it happens more than it should. |
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