Tuesday, July 13, 2021

How corporate accountants are grappling with companies holding cryptocurrencies on their balance sheets, as official GAAP guidelines don't exist (Shuli Ren/Bloomberg)

Shuli Ren / Bloomberg:
How corporate accountants are grappling with companies holding cryptocurrencies on their balance sheets, as official GAAP guidelines don't exist  —  A company holding such digital assets can — for the most part — only write down their value.  It's unfair.  Just look at those risky startup investments.



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