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Posted On: 03/23/2018 10:27:32 PM
Post# of 2219
Canadian market uses "biological assets" rule
For the plants in the bays, the Canadian market uses a biological assets rule that allows companies to pre-book the income of crops as they grow. Some CN companies are reporting net income with this rule without actually generating revenues.
See this article: http://business.financialpost.com/commodities...financials
For the plants in the bays, the Canadian market uses a biological assets rule that allows companies to pre-book the income of crops as they grow. Some CN companies are reporting net income with this rule without actually generating revenues.
See this article: http://business.financialpost.com/commodities...financials
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