Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums - Camaro5.com - View Single Post - Hey Accountants! When does GM Recognize the Revenue on the Camaro?

Sloppy Joe · 05-30-2009, 10:37 PM

What if they are using this strategy on all GM car models/brands not just the Camaro? that would be a lot of vehicles.... depending on how many cars they can sit on, it could be many more than 1000 per day... for a while anyhow? Plus, I don't think they have to actually sell the vehicle to a consumer, they only have to invoice the dealer to be able to recongnize the revenue. Everything counts, pre-orders, dealer orders, dealer stock, parts, everything they could possibly invoice a dealer in the US an abroad. Again a lot of the cost to produce the cars would be recognized prior to bankruptcy, but revenue would be recognized after bankruptcy, so everyone of these cars would be very profitable to the "New" GM?

05-30-2009, 10:37 PM	#3
Sloppy Joe Drives: 2SS RJT Join Date: Mar 2009 Location: Mexico, Missouri Posts: 135	What if they are using this strategy on all GM car models/brands not just the Camaro? that would be a lot of vehicles.... depending on how many cars they can sit on, it could be many more than 1000 per day... for a while anyhow? Plus, I don't think they have to actually sell the vehicle to a consumer, they only have to invoice the dealer to be able to recongnize the revenue. Everything counts, pre-orders, dealer orders, dealer stock, parts, everything they could possibly invoice a dealer in the US an abroad. Again a lot of the cost to produce the cars would be recognized prior to bankruptcy, but revenue would be recognized after bankruptcy, so everyone of these cars would be very profitable to the "New" GM? __________________ 2SS, RJT, Gray interior, 6 Speed Trans /w TAPshift, silver stripes and polished wheels