Originally Posted by
Pineapple Guy
Sorry, Carl. You asked a question - I answered it (apparently correctly). Now its my turn to ask and YOUR turn to answer.
Remember what we learned in kindergarten??? We take turns...
OK fine, but the only thing I learned in Kindergarten was that my teacher had very large boobs. And for some reason, I couldn't take my eyes off of them.
Here was your question again:
Originally Posted by
Pineapple Guy
And here's my first question:
When a corporation pays down debt, what effect does that have on their net income?
Answer: It depends upon what GAAP rules the company's accountants use to account for the paying down of debt.
Let me know when it's my turn again.
Carl