General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTFG's statement on MAZARS has shocking sleight of hand!
Check this out.
That figure was puzzling me, puzzling me.
And here someone has questioned it in a tweet. See Otto's reply to George Conway.
[link:http://
Link to tweet
?s=20&t=K8anBO10HxyGZA4YMvUt2g|
madaboutharry
(40,238 posts):
Ohio Joe
(21,769 posts)PatrickforB
(14,600 posts)math be far behind?
tosh
(4,424 posts)malaise
(269,237 posts)Baked Potato
(7,733 posts)dalton99a
(81,656 posts)Ocelot II
(115,922 posts)Tommymac
(7,263 posts)C_U_L8R
(45,027 posts)And why is she allowed to break every damn rule.
Brainfodder
(6,423 posts)So yeah WTF!
$?
SWBTATTReg
(22,183 posts)No one believes you anymore. Not even your former accounting firm even.
Why do you think anyone else is going to believe you now?
C Moon
(12,224 posts)PatrickforB
(14,600 posts)leavin' on a prison bus. To Leavenworth.
C Moon
(12,224 posts)Grasswire2
(13,571 posts)Mar-a
and also the Kushner property is waterfront.
SergeStorms
(19,204 posts)at Putin's multi-million dollar dacha, or even in the Kremlin itself.
Of course he'll have to supply his own Russian sex workers for his relaxing golden showers.
C Moon
(12,224 posts)But I guess that would be tough: as tfg called our Whitehouse a dump.
They'll want their gold toilets, McDonalds, KFC, etc
BobTheSubgenius
(11,572 posts)What could "Total liabilities and net worth" possibly mean as an aggregate? Total assets minus total liabilities equals net worth, more or less.
I can't even envision an explanation that could reconcile this incongruity.
ShazzieB
(16,575 posts)BobTheSubgenius
(11,572 posts)...you know more than Drumpf.
colorado_ufo
(5,739 posts)the line right above it (with the red marker through it) that just says "Net Worth" is LESS than the line that says "Total Liabilities and Net Worth." How do liabilities increase net worth?
SergeStorms
(19,204 posts)He counts on everyone just taking his word for it, just like his accountants.
AZLD4Candidate
(5,813 posts)SergeStorms
(19,204 posts)there were credits (assets) on one side of the balance sheet, and debits (liabilities) on the other side of the balance sheet.
Now I know there have been many advances in accounting since 1965, and I've given a simplified example of an accounting balance sheet, but never, never were credits and debits added together on either side.
This must be some very creative bookkeeping system devised by Mr. Trump. No wonder he states his net worth to be in the tens of billions.
What a schmuck.
keithbvadu2
(36,980 posts)Grasswire2
(13,571 posts)Several pages long.
DanieRains
(4,619 posts)Understands nothing about accounting, or numbers.
All he's got.
Grasswire2
(13,571 posts)yardwork
(61,729 posts)Good for Hillary!
obamanut2012
(26,164 posts)yardwork
(61,729 posts)FakeNoose
(32,833 posts)Here it is folks, the sum total of all my bills PLUS all my cash in the bank.
Notice that it's not the DIFFERENCE between the two. Yep, this number means nothing!
Grasswire2
(13,571 posts)...is that I was married to an IRS Chief of Audit Division for a large region.
In other words, NOTHING.
But I shook my head and shook my head at this one when I saw it.
Total fraud. Total fraud.
dchill
(38,572 posts)Laura PourMeADrink
(42,770 posts)Assets - Liabilities = net worth. Too negative So he decided to just change it and add in liabilities . Lol. Sicko
We have GOT to be at the beginning of the end. Lost his accountants so he's thinking he's SO smart he can do it. He was smarter than his lawyers so he took J6 into his own tiny hands.
Permanut
(5,667 posts)Beastly Boy
(9,509 posts)The "little people" like ourselves subtract total liabilities from total assets to get net worth.
But Trump adds total liabilities to his net worth because he never intends to pay what he owes, ever. Ergo, whatever the poor suckers lent him is his, not theirs. Who is to tell me these sums should not be added to his net worth? He cheated his creditors fairly and squarely, for the exact sum he is adding to his net worth.
See? Simple. I told you!
Laura PourMeADrink
(42,770 posts)to be a reason he erroneously added liabilities and it wasn't a typo.
You nailed it.
SergeStorms
(19,204 posts)from the Trump organization to do their taxes from now on. You seem to understand the Trump accounting system as well as anyone.
Luck you, Beastly Boy!
jmowreader
(50,569 posts)Trump has a nasty habit: when he buys real estate with borrowed money, he adds the total value of the property in question to his net worth.
So...let's say he buys a $100 million property and $500,000 of the money he spent to buy it is his - IOW $99.5 million is borrowed.
Under "generally accepted accounting procedures" his net worth hasn't gone up at all - he has converted $500k of his money from cash to half a percent of a building.
Under "Trump-accepted accounting procedures" his net worth has gone up by $100 million.
fightforfreedom
(4,913 posts)Trump is saying what he owes is his money? My head hurts.
Buns_of_Fire
(17,202 posts)Add in what he thinks his name ( the almighty "brand" ) is worth (around $3 billion), and that should just about cover it.
PCIntern
(25,612 posts)And Im paraphrasing somewhat: $2000 worth of furniture for $300. Thats like $1700 in the bank. Shop here and youll be rich in no time!
keithbvadu2
(36,980 posts)Peggy Bundy shopping her way to wealth on sale items.
Kingofalldems
(38,498 posts)Texaswitchy
(2,962 posts)Nothing new here.
He had all that money from his Father.
He should never had been needing money.