Donald Jr. admits he doesn't understand basic accounting but signed off on dad's finances anyway

[Yo_Mama_Been_Loggin]

As sole trustee for the family business, Donald Trump Jr. routinely signs his father's financial statements — but he still insisted during a recent sworn deposition that he has very little actual understanding of accounting, New York officials revealed Thursday.

Asked about "GAAP," the generally accepted accounting principles that must be followed in the US, the younger Trump claimed nearly complete ignorance, according to court papers filed Thursday by New York state's attorney general, Letitia James.

"Donald Trump, Jr. testified that his only familiarity with GAAP was 'probably [because of] Accounting 101 in Wharton,' and that apart from knowing that they "are generally accepted," he could not identify any other knowledge he has about GAAP," the filing said.

James offered a peek into Donald Trump Jr.'s claimed accounting ignorance as part of a new court filing that alleges the Trump Organization is engaging in a continuing pattern of fraud, stretching beyond the 220-page lawsuit she filed against the former president, his family, and his business on September 21.

https://www.msn.com/en-us/news/politics/donald-trump-jr-admits-he-doesn-t-understand-basic-accounting-but-signed-off-on-dad-s-finances-anyway/ar-AA12Vs3S

[Midnight Writer]

1. Donald Sr. doesn't know anything about government, but he signed laws anyway.

The whole Republican Party is about ignorant people failing upwards.

[Irish_Dem]

2. GOP con artists just BS their way through life.

And get away with it usually.

[live love laugh]

3. Too bad he's culpable.

[FoxNewsSucks]

4. I don't think there's ever been doubt

that any of the tRump spawn were ignoramuses with no basic understanding.

Professional grifters don't need that.

[dembotoz]

5. i have a cpa do my taxes...do i understand what all the lines mean? NO

Thats why i have someone else do my taxes.

[ProfessorGAC]

6. Oddly Enough, I Believe Him

I find it easy to believe that he has severely limited knowledge in every single topic there is.
It doesn't excuse the fact that he signed reports that were likely fraudulent.

[redstatebluegirl]

7. He is a rich frat boy who drank and partied his way

through school. Passing his classes with the help of stolen tests he could study.

[ZonkerHarris]

8. Don Sr. would rather Don Jr went to prison for Sr.'s crimes. That way he can prove his love for his

daddy