page 10
'the artificiality of the interest rate may be the clue to the contrary action of stock yields'.
well, according to the chart on p4, it sounds true; but how come the y axis of the chart has unit 25, 50, 75, 100? 10% interest rate is already very high! it doesn't time 100, does it?
probably it does time 100, which means 'basis point'.
Page 110
why not value inventory as a simple result of cash or credit transaction?
well, at end of year your inventory just is not worth how much u bought, ur customer definitely wont pay u that much. or, it is worth more, u definitely want to make more money.
the value just, or we should say the price changed.
failure to mark down drepreciation does increase income as the drepreciation is not deducted from income.
page 112
why lilo stabilize corprate result?
ch11 - depreciation depreciation, no actual spending against income, allow company keep more money and pay lower tax that leave more money. where can a company put this money? how, when can the company use it?
page 212
nonrecurrent items should be singled out.
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