It's called creative accounting. They figure in how much profit they should have made and calculate the losses based on that figure instead of real life costs and sales. They have a fancy name for this accounting (the name escapes me right now) and it doesn't seem legal but they do it anyways.
I believe it's called "Making up bullshit out of thin air".
Ford is a publicly traded company. So if a certain division of Ford (electric vehicle division) loses money in a financial quarter, Ford has to report it.
“It’s called creative accounting. They figure in how much profit they should have made and calculate the losses based on that figure instead of real life costs and sales. They have a fancy name for this accounting (the name escapes me right now) and it doesn’t seem legal but they do it anyways.”
What in the world are you talking about?