Originally Posted by
Excargodog
Gawd no. I think you would be amazed at how much discretion accountants have in what years they take expenses and revenues, how they depreciate assets, etc. They could easily cook the books - quite legally - to show a paperwork loss for any given year that you wanted to amend the CBA. Maybe they couldn’t keep it up forever, but a few years wouldn’t be that difficult.
Bingo. This is EXACTLY what we (management) legitimately just did a few Weeks ago in Q2. All in all we actually made about $90 million. But we “Lost” $200 million and change.