Selling business assets causes negative balance sheet
Posted: Fri May 17, 2024 8:51 pm
Hi,
I think I've found a bug with how the business assets are reported on the balance sheet. I sold a couple of Media Firms via my subsidiary that were profitable for more than they were valued to on my balance sheet, this caused the value to be negative despite still owning more Media Firms and other assets. I sold these Media Firms to the AI after they offered to buy them off me.
If the business assets are valued to what they were built for or purchased for shouldn’t the profit gained from selling them go on the income statement as an Increase in Asset Value instead?
/soky56
I think I've found a bug with how the business assets are reported on the balance sheet. I sold a couple of Media Firms via my subsidiary that were profitable for more than they were valued to on my balance sheet, this caused the value to be negative despite still owning more Media Firms and other assets. I sold these Media Firms to the AI after they offered to buy them off me.
If the business assets are valued to what they were built for or purchased for shouldn’t the profit gained from selling them go on the income statement as an Increase in Asset Value instead?
/soky56