If we did Financial Statements like the White House and Congress . . .

By elitecpas | May 25, 2012 | Comments Off on If we did Financial Statements like the White House and Congress . . .

  We would simply overstate your net income by 384%!   Not surprisingly, the White House and Congress speak of the yearly deficit in amounts of 1.3 trillion.  However, if we use the same accounting rules that your business and my business are required to follow, the numbers change to roughly 5 trillion. Most financial…

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