META Lesson 2: Accounting Inconsistencies and Consequences
Musings on Markets
NOVEMBER 10, 2022
Accounting 101 I am not an accountant, and have no desire to be one, but I have used their output (accounting statements) as raw material in valuation and corporate finance. Capital expenses are expenses that provide benefits over many years. billion assessed by accountants. billion, which results in an adjusted PE ratio of about 6.
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