Sour Grapes

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Opinions are the author's and are not necessarily shared by Blogger, SDF, my employer or my family, but they should be.

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(not updated since Aug 2009)

Results of 2 Nov 2004 General Election (winners in bold; click on office for more detail)

PA State House of Representatives—152nd District
- Ross Schriftman (D)
- Sue Cornell (R-incumbent)
State Attorney General
- Jim Eisenhower (D)
- Marakay Rogers (Green)
- John Ewbank (Libertarian)
- Tom Corbett (R)
State Auditor
- Jack Wagner (D)
- Ben Price (Green)
- Berlie Etzel (Libertarian)
- Joe Peters (R)
State Treasurer
- Max Lampenfeld (Constitution)
- Robert Casey (D)
- Paul Teese (Green)
- Darryl Perry (Libertarian)
- J. Craige Pepper (R)
US House of Representatives—13th District
US Senate
President

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since 12 Apr 2004

Where in the world are visitors to this page located?
(Month-to-date totals since 15 July 2007)

When does GM count its cars as being "sold"?

In recent discussions of General Motors' plan to shut down factories for up to nine weeks this summer, I heard that GM recognizes revenue when vehicles are manufactured, not when they're sold. If I heard correctly, this practice is in accord with reporting standards set by the Financial Accounting Standards Board (FASB), who proclaim—apparently on every page of their website—that they are "serving the investing public through transparent information resulting from high-quality financial reporting standards, developed in an independent, private-sector, open due process."

I just have a couple of questions. The ability to report revenue in this way serves the investing public how? Do we need any more evidence that big business is vastly under-regulated?

Original post by Namenlosen Trinker at 4/23/2009 10:17:00 AM Eastern time :: 0 comment(s) ::

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