Professor Paul Zarowin comments in a story exploring the impact of the recent U.S. Supreme Court decision to decline to hear a case filed by chip maker Altera Corp
— July 17, 2020
Excerpt from MarketWatch -- "Those companies include Pinterest Inc. PINS, -0.20%, Slack Technologies Inc. WORK, -0.44% and Snap Inc. SNAP, 1.05%, companies that have already written off future potential tax credits — tax credits they received because of ongoing losses — because they have no idea if or when they will ever be profitable. This is a conservative accounting practice, said Zarowin of NYU, because the companies have chosen not to recognize a potential asset."