The Strange Accounting of Bitcoin on Corporate Balance Sheets Explained

In this episode, we talk about the ridiculously complicated way that bitcoin is reported and accounted for on corporate balance sheets according to Generally Accepted Accounting Principles. Because bitcoin doesn't fit cleanly into other categories, it is classified as an indefinite-lived intangible asset. This means unrealized losses are reportable, but only realized gains are reportable.

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https://www.footnotesanalyst.com/bitcoin-the-financial-reporting-challenge-for-investors/

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