accounting rules as of Jan 1 ..Leased premises need to be EXPENSED ! become (debits )..I am not sure but I think APPLE leased their Buildings and never paid rents ,but paid it in Stock .That may become a DEBIT under the new accountings .Thats how they showed fantastic Growth (NO EXPENSES) in running thier business.. WE may all be in for a shock when 1st quarter earning s are Posted ! CASH will be KING and Nobody has any !
No Comments
No comments yet.
RSS feed for comments on this post.
Sorry, the comment form is closed at this time.