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43 sats \ 2 replies \ @0xbitcoiner 16 Dec \ on: Fair Value Accounting For Bitcoin Starts Today bitcoin
I don't understand much about this, does it have to do with declarations of unrealized profits or is it something else?
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75 sats \ 1 reply \ @siggy47 OP 16 Dec
Now bitcoin price appreciation can be counted on a company's balance sheet. That was not the case in the past.
Here's the old rule:
Companies record the value of bitcoin at the time of purchase in their accounts. If the price rises, they cannot log those gains until they sell. Yet if the value of bitcoin drops, the company must write down the value of their holdings as an impairment charge.
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43 sats \ 0 replies \ @0xbitcoiner 16 Dec
That's right, it's about unrealized profits.
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