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10 sats \ 7 replies \ @nerd2ninja OP 4 Dec 2023 \ parent \ on: El Salvador is NOT in the Green lel bitcoin
"In the black" and "in the green" mean the same thing. "In the red" only means the inverse.
https://www.investopedia.com/terms/b/black.asp
as i understand,
Black - close to break even with low taxes to pay
green - gaining money and being taxed for it..
Clearly, being on black mean you can turn to red quicker than if you are on green
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Okay, I'd like a source on that interpretation, but okay. They weren't in the black either by the definition you have presented.
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Clearly, being on black mean you can turn to red quicker than if you are on green
This is on the same page you commented
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The word "green" doesn't even show on the investopedia page I linked, and especially no distinction is made between being in the green vs in the black like you have asserted.
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i probably messed up.. Its not on investopedia...
From an accounting perspective, your income statement shows whether a business is in the green, black or red. Green means you have an operating profit, black means you are around break-even and red means you don't have enough revenue to meet operating expenses.
You get this from other sites, but those are not very solid references.
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let me try to find the reference..
i probably got it from other page and messed up.. let me look into my recent pages.
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