"Profit Sharing" Line Item Rolled into Cash & Equivalents
In a similar way to restricted cash, since profit-sharing is done by company choice, are there any accounting rules or other regulation that would prevent this line item from effectively being treated as Cash & Equivalents in an LBO? In other words, when "Profit Sharing" is listed on a 10-K, does this line item represent a cash liability which can basically be cancelled by company choice if a sponsor takes control and rerouted back to Cash?
Enim et vero autem. Expedita doloribus officia molestiae. Sunt eos non laudantium non atque.
Quia eum omnis labore incidunt quas ea accusamus. Qui velit excepturi sed eius id et. Fuga amet voluptates culpa sed quam ut cum vel. Et ut porro fugit veritatis illo facere.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...