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][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 recognize your writing - weren't you part of the accounting team in Enron?[/quote]

:)  :D  :lol:  :lol:  :lol:  :lol: [/quote]

Why are liberals so eager to demonstrate their ignorance and contempt for real actual knowledge. Two sets of accounting books being normal isn't some loophole or nefarious behavior, it simply reflect that the US government uses different accounting requirements than banks. It's like a runner using different shoes for trail running and pavement running - it just is. [/quote]

Sweetie, you're confused. I'm neither a liberal give-away the store or a right-wing nut job. But keep believing that there are only two groups of people who follow politics and vote. We are growing in numbers. The fact of the matter is you support a crook. [/quote]

Liberal or not, it's not convincing for you to charge me as supporting a crook when you have demonstrated a shameless willingness to have a strong opinion on a topic you are ignorant about. [/quote]

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