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Posted on 11/15/11 at 12:31 am to kfizzle85
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Seriously wtf does that mean. They booked "writedowns" (which again are constantly referred to as "off balance sheet") to hide "impairments." Impairments, otherwise known as.....writedowns.
quote:
The $1 billion sale to Beckman of a unit Olympus spent four decades building helped the Japanese company bolster its finances, even as it booked writedowns on acquisitions to hide the impairments.
Seriously wtf does that mean. They booked "writedowns" (which again are constantly referred to as "off balance sheet") to hide "impairments." Impairments, otherwise known as.....writedowns.
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