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Reply to "More Trump fraud: businesses keep 2 sets of numbers, one for taxes, the other to get loans"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]All large businesses maintain two sets of books. This is a simple fact of life for businesses in the US. It is discussed in Managerial Accounting courses in any college/university. This is because tax law and GAAP do not have to use the same basis for accounting. Seeing liberals hyperventilating about a completely normal thing is par for the course.[/quote] I see you didn't bother to read the article. Was it too long for you?[/quote] I read the article, there is no specific analysis that indicates a finding of fraud, only general references to different numbers and questions. Again, having different numbers for bankers/lenders who use GAAP versus tax is completely normal. I am not opposed to the consideration that Trump should be audited for fraud, but it's foolish to jump to conclusion that there is fraud just because there are differences in the numbers.[/quote]
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