We should start treating bitcoin like the mark-to-market asset it is in order to avoid confusion, gckaloudis writes in this week’s Crypto Long & Short newsletter.
. That means the companies that hold bitcoin on their balance sheets need to mark down its balance sheet value if bitcoin’s price decreases. This is sensible and gives an accurate representation of the financial reality that the asset it holds is now worth less.
, in contrast, allow companies to adjust the value of an asset to reflect its value as determined by current market conditions. If bitcoin were allowed to be treated as a mark-to-market asset, companies could do this. And second, it would give a more accurate representation of companies’ financial positions. Public companies in the U.S. are already onerously tasked with providing quarterly financial reports to shareholders. If these companies hold bitcoin that is impaired one quarter and not allowed to be marked up the next, that will give an inaccurate representation of the company’s financial position without additional information from the company.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
South Coast AQMD: Hyperion plant violating public nuisance rules over ongoing waste sewage smellSEWAGE SMELL: More than 360 complaints have been reported to the South Coast AQMD since June over the smell of sewage emanating from the Playa del Rey plant.
Weiterlesen »
Beijing court rules against woman who wanted to freeze her eggsA Chinese court has overruled a rare legal challenge brought by an unmarried Beijing woman seeking the right to freeze her eggs.
Weiterlesen »
Chinese court rules against unmarried woman who wanted to freeze eggsTeresa Xu, who is unmarried, had wanted to preserve her eggs so she could have an option to bear children at a later date. But a Chinese court ruled against it.
Weiterlesen »
‘Pump Rules’ Teases All the Different Dynamics on Season 10Lisa Vanderpump, Tom Sandoval, Katie Maloney and more opened up to Us Weekly about how they feel going into season 10 — exclusive
Weiterlesen »
Myanmar genocide case can go ahead, top UN court rulesThe World Court on Friday rejected Myanmar's objections to a genocide case over its treatment of the Muslim Rohingya minority, paving the way for the case to be heard in full.
Weiterlesen »
What are the rules when the beneficiary of an inherited IRA dies?“My uncle (age 71) recently passed away and left his IRA to my mother, his older sister. My question is, what are the rules when the beneficiary of the inherited IRA passes away?” Here are some IRA inheritance rules that you should know.
Weiterlesen »