Accounting & Investing Info for San Antonio A & M
Fritz Henderson will report on GM monday, the first reports since emerging from bankruptcy. It seems accounting for in bankruptcy and out of bankruptcy made for some overtime for the acct and legal staff.
GM is losing less money, welcome to the new normal….
Did you hear where GM is wanting to start paying back the government loan? However, if you listen or read carefully, the financial results are not in conformity with GAAP or accounting standards. What weight can we put on those financial results? I almost thought they were getting things together.
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That’s what I was going to say. Yes I saw on the news that they want to start paying back what a billion dollars a month? How in the world are they going to get that money. We shall see what occurs.
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Professor Elam 
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