DerpyMcOptions t1_jegou8w wrote on March 31, 2023 at 9:53 PM

Reply to comment by ultralane in "No REALLY, we're doing fine" ~ every bank right now by JPowsSecretlover

Q, why the fuck are you bothering to try and defend random shitcoins when you won't even go look it up?

ultralane t1_jegshw1 wrote on March 31, 2023 at 10:20 PM

I never said I was defending. If a maturity is maturing in 3 months or less, its allowed to be in Cash on their financial statements, assuming that it is disclosed on what's included. The lack of a hard and fast time rule is what is sticking out to me, assuming Reddit is stating the footnote correctly. The 3 month rule is applicable to 99.999999% of companies that follow GAAP. I really don't have an interest in going through some random companies FS. Just stating what is standard.