You capitalize intangibles
SteveM@stevem
50 Posts
#1 · March 17, 2019, 2:00 pm
Quote from SteveM on March 17, 2019, 2:00 pmA small Canadian tech company went for a loan. Their balance sheet showed they didn't have enough capital. It's because their accountant didn't include the money they had been investing into a new product as capital. When this was included it showed the company was in good shape, and eligible for a loan.
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A small Canadian tech company went for a loan. Their balance sheet showed they didn't have enough capital. It's because their accountant didn't include the money they had been investing into a new product as capital. When this was included it showed the company was in good shape, and eligible for a loan.
| Read more |
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