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Typically they use EBITA for covenants but GAAP is absolutely used.https://twitter.com/LincolnFresno/status/1310611213588389892 …
https://twitter.com/davidaxelrod/status/1310340000429481985 …I'm not sure what you said but it sounds like rich people making money off being rich while somehow actually being broke
Sir that is EXACTLY what it is.
It sounds so easy but in reality it is quite difficult. I tried to cook my books but instead of making money I just started a fire.....lol bad accounting joke
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