Creative Accounting.
Derby Chang wrote:
Joseph wrote:
http://www.pentax.co.jp/english/news/2005/20050210.pdf
That's really interesting. The company certainly has turned around in the last three years (9 billion yen loss in 2002 to 2 billion yen profit last year).
So why can't I buy the FA31???? :)
And I don't understand...how can the sales subsidiary make a huge loss when the parent company is making a huge profit? Maybe I'm just being naive.
D
--
I can understand why mankind hasn't given up war. During a war you get to drive tanks through the sides of buildings and shoot foreigners - two things that are usually frowned on during peacetime.
--P.J. O'Rourke
