How to Get Rich Quick Using GAAP

10 Pages Posted: 1 Feb 2018

See all articles by Robert Ferguson

Robert Ferguson

AnswersToGo

Neal Hitzig

City University of New York - Department of Accounting

Date Written: March 15, 1992

Abstract

Wherein it is shown how to make your company as large as desired and as large a portion of capitalization weighted stock indices as desired without doing anything useful, and how to borrow huge sums of money from banks with virtually no collateral, all within the confines of GAAP.

Keywords: GAAP, accounting paradox, cross holding, get rich quick, asset pricing

JEL Classification: G00, G10, G11, G12, G14, G34

Suggested Citation

Ferguson, Robert and Hitzig, Neal, How to Get Rich Quick Using GAAP (March 15, 1992). Available at SSRN: https://ssrn.com/abstract=3108887 or http://dx.doi.org/10.2139/ssrn.3108887

Robert Ferguson (Contact Author)

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Neal Hitzig

City University of New York - Department of Accounting ( email )

Flushing, NY 11367
United States

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