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For months now Thorsten had been talking about integrating cryptocurrency in the small business. He was a huge proponent of Bitcoin1 and had put about five% of his personal portfolio into it. Numerous weeks ago the CEO had requested Ankit to have his workforce explore accepting tuition payments and maintaining a number of Ivory Tower’s cash reserves in crypto.
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Incorporate graphs and charts to provide the audience a visible comprehension of distinct numbers. Make sure to insert a caption and cite these from the reference checklist.
“Agree,” Shira stated. “There’s no GAAP guidance on how to account for these things yet.6 However the AICPA states Bitcoin isn’t regarded as money or a funds equivalent, stock, or possibly a economical instrument, so it should be handled like an intangible asset, which suggests that if its value falls, we should mark it down on our stability sheet.
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