Re: What's the proper accounting way to handle a stock split?

[linas]

It's been rumoured that Rob Browning said:
> 
> [EMAIL PROTECTED] writes:
> > ? Insofar as one puts one side of a transsaction into an account
> > of type 'income' or 'expense', you *have* recorded a profit/loss,
> > and this info is used when the cost-basis repoort is generated.
> 
> But if the transfers are from/to your brokerage cash clearing account,
> there is no Income/Expense involved unless you add another layer of
> indirection.  Is that what you're talking about?

Ack. Good point, yes. And since furthermore, the 'true (taxable) profit'
depends on the fifo/lifo/etc rules, the simple sum of all
expenses&income become increasingly meaningless.  Hmmm.

--linas

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