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Subscribe to this threadGM's $39 billion loss further explained
(Page 1 of 1)
Merritt @ Nov 8th 2007 3:04PM
The losses are carried forward to count against profits, when they are once again realized. However GM has not yet shown a net profit to offset their loss totals. In the past these numbers have not shown on the balance sheet. However recent changes in accounting standards have stipulated that the numbers need to be reported if they cannot be used as an asset within a particular time span.