In January 2018, GM announced that it was writing off $7 billion due to the loss in
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In January 2018, GM announced that it was writing off $7 billion due to the loss in value of tax-deferred assets the company held. We would argue that GM’s stockholders probably didn’t suffer as a result of the reported loss. What do you think was the basis for our conclusion?
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Related Book For
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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