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Old 25.03.2017, 17:46
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Jim2007 Jim2007 is offline
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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You should know better....... An Extraordinary or Exceptional loss will be booked on closing down a factory, probably some contingent liabilities & possibly writing off some goodwill as well, just depends on how creative the accountants have been over the last 25 years, which is not difficult under GAAP.
Your right I do know better, I know the difference between an extraordinary and an exceptional loss, the difference between a paper loss and an actual loss... and most important I know that there is not a single asset in car plant with a financial life time of 25 years, because I've audited a few in the past. But keep on making it up as you go, although at this point I'm taking as entertainment.
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