Accounting error worth billions upped GM's negative bottomlineThe management of GM has to restate its financial statements
for the errors discovered which raised its losses to 10.6 billion
Accounting error raises GM's loss
Why it took them so long to see the errors?
Weren't the books audited yearly ?
Is this a case of deferring the losses by withholding
charges of expenses?
More losses would mean lower Earnings per share or
bigger loss per share. Lower EPS or no EPS at all
affect the price of the stocks.
Earnings per share ,stock market,financial statements