Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
on their balance sheet, they have spent a lot of money on "development cost" in the order of billions, and capitalised it as intangible assets. if today I offered you to buy a business and claimed that it earned big money, and the assets on balance sheet is just intellectual property, would you readily believe it? where is the real cash balances?
