Row 13088

Row ID: 13088 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 13088 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Someone can make that argument, but it is not a persuasive one. Taking out a loan involves balance sheet entries (dr. cash, cr. debt). Such a transaction never runs through the income statement, which is where income goes. So any argument that says that a loan should be treated as income violates the core principals of accounting...and really logic.

It is difficult to say that someone has realized the full value of an asset when the value of said asset still moves. What Musk borrows against his TSLA position, then the company goes bankrupt and his equity is worth zero? Did he really realize the value of his equity position?

FieldValue
text Someone can make that argument, but it is not a persuasive one. Taking out a loan involves balance sheet entries (dr. cash, cr. debt). Such a transaction never runs through the income statement, which is where income goes. So any argument that says that a loan should be treated as income violates the core principals of accounting...and really logic. It is difficult to say that someone has realized the full value of an asset when the value of said asset still moves. What Musk borrows against his…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-20
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Raw Record

{
  "text": "Someone can make that argument, but it is not a persuasive one. Taking out a loan involves balance sheet entries (dr. cash, cr. debt). Such a transaction never runs through the income statement, which is where income goes. So any argument that says that a loan should be treated as income violates the core principals of accounting...and really logic.\n\nIt is difficult to say that someone has realized the full value of an asset when the value of said asset still moves. What Musk borrows against his TSLA position, then the company goes bankrupt and his equity is worth zero? Did he really realize the value of his equity position?",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-20",
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}
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