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Yeah was reading salty squid and couldn't understand why he...

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Sentrypetal

2,693 Posts.

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31/08/17

09:31

Post #: 26885844
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Originally posted by Winter08 ↑

That would seem right the June expenditure gets capitalised to inventory rather than to the p&l.
So p&l has may revenue and may expenditure
And June expenditure is on balance sheet as inventory

May
Dr expenses (p&l) 13,008
Cr cash (BS) 9482
Cr accumulated depreciation (BS) $3483
Book may expenses

Dr cash (BS) 14141
Dr receivable (BS) 834
Cr Revenue (p&l) 14974
Book may revenue

June
Dr inventory (BS) 12232
Cr cash (BS) 8799
Cr accumulate Depreciation (BS) 3483
Book June expenditure
(Won't be exact as I don't know timing diff in inventory movement and using same depreciation to back into cash)

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Yeah was reading salty squid and couldn't understand why he didn't understand that gxy was making 8 million plus gross profit per month. Looks like MacEquities didn't understand either. Sigh no wonder shorters are shorting they can't read financial statements and quarterly reports, face palm.

GXY Price at posting: $1.76 Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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