this post was submitted on 10 Oct 2023
1718 points (94.1% liked)
Technology
59569 readers
4095 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I just want to point out that a corporation not making a profit doesn't mean they're not making money. It means they've spent the money on something and then in the accounting they can call it an expense instead of profit. But they still made that money and they still have something to show for it.
Yeah, sure. Doesn't change the other point
I guess what I'm saying is that although your first point is true, your second point doesn't actually support it.
That’s revenue, not profit.
Revenue only becomes profit if you let it.
Got $1m in revenue that you don't want to declare as profit? Purchase some assets and now you have $1m expense instead.