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rob said...
I heard some disturbing news this weekend and would like verification if possible? As I understand it, GM counts a vehicle as sold and reports each vehicle as sold to the govt. when it is driven off the assembly line, not when it leaves a showroom. If true, then the public is being lied to by both GM and the Govt. Perhaps this explains all of the vehicles parked in fields behind the covered railroad cars?
Lurking on tRCMB since 1996
TrapperGus
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Madhatter536
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rob said...
I heard some disturbing news this weekend and would like verification if possible? As I understand it, GM counts a vehicle as sold and reports each vehicle as sold to the govt. when it is driven off the assembly line, not when it leaves a showroom. If true, then the public is being lied to by both GM and the Govt. Perhaps this explains all of the vehicles parked in fields behind the covered railroad cars?
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TravelinMan
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rob said...
Since we are all distant shareholders I thought it to be somewhat relevant and interesting. I can't believe that the SEC allows them to report in this manner?
Have you ever taken an accounting class? A manufacturer would only hold the inventory on its books and record a retail sale to non-B2B customer if the inventory was held by the retailer on consignment, which is not the case with auto dealers. Auto dealers own their own inventory.
Do you think Oscar Meyer books a sale when Kroger sells you a package of hot dogs?
This post was edited by Les Grossman on 8/6/2012 at 10:24 AM
Let me get this down, $100 million. Oh wait, I have a better idea. Instead of $100 million, how about I send you a hobo's dick cheese?
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Les Grossman said...
Have you ever taken an accounting class? A manufacturer would only hold the inventory on its books and record a retail sale to non-B2B customer if the inventory was held by the retailer on consignment, which is not the case with auto dealers. Auto dealers own their own inventory.
Do you think Oscar Meyer books a sale when Kroger sells you a package of hot dogs?
Left wing shock and outrage! Let's introduce some new legislation about this quick!
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MSULordyoda
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Les Grossman said...
Have you ever taken an accounting class? A manufacturer would only hold the inventory on its books and record a retail sale to non-B2B customer if the inventory was held by the retailer on consignment, which is not the case with auto dealers. Auto dealers own their own inventory.
Do you think Oscar Meyer books a sale when Kroger sells you a package of hot dogs?
"I think the world is run by C students" Al Mcguire
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Madhatter536
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GRR Spartan ●
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GM accounting question.