Forget About Profits, Just Do Deals!

One of the marvels of the accounting rules for mergers and acquisitions is how easily they can be used to help a company that has been losing money seem profitable and growing.
Good thing we can agree on that. Photographer: Buero Monaco via Getty Images

One of the marvels of the accounting rules for mergers and acquisitions is how easily they can be used to help a company that has been losing money seem profitable. That is, as long as the company keeps doing deals.

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