By Mark Maurer Close Mark Maurer June 14, 2020 9:00 am ET Finance chiefs are puzzling over how to account for the government assistance their companies received under the $2.2 trillion Cares Act.
Lawmakers have pushed for the SBA and the Treasury Department to provide more transparency on the companies that receive PPP loans. Investors and lenders could benefit from more such information. A work in progress The PPP and similar support programs were introduced in a blur in March. Adding to the confusion, many companies only now are receiving the funds because of delays in allocating the loans and changes to the program.
In those footnotes, companies are expected to clearly disclose whether they classified the government assistance as revenue or a reduction of expenses, said Sandy Peters, senior head of financial reporting policy at the CFA Institute, a nonprofit association of financial analysts.
How do we account for losses as landlords are enslaved by MayorOfLA forced to work for free provide free housing and shoulder capex earthquake reinforcements and then magically loan delinquent tenants at 0% for 12 months for delinquent rents?
Monies have to be paid back- w/w/o interest=LOAN. Never paying monies back- w/w/o conditions=GRANT.
Ok, very simple. Have the proper regulation write a regulation 'this counts as a loan/grant' I'm amazed they don't have this already.
What is WSJ? IN YOUR FACE? no..just this and that
Go be stupid somewhere else.. And eat your vegetables
COVID19 $aapl $tsla $msft $brka why not use Student Loan Crisis as model you must repay loans, so apply for as many grants/scholarships as possible before you consider a loan Grants, no Loans, yes Harvard osu Was LesWexner underwriting JeffreyEpstein a loan or grant?
Just like aids here. Faded worldwide.. New income needed YEARLY!
No. Why? Cos they can blame free corona patent?
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »