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Old 11-07-2009 | 12:37 AM
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KidEpoxy
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Default RE: MA Financing Issue Put to Rest

But Hoss,
the AMA accountant just said we are to act like it was a separate company, wait... here we go:
"This transfer, on paper only, is for internal use but the idea is to treat publications like a separate company"
See, the AMA guy is telling us it is LIKE a separate company, not that it is.
Cause, if it actually were a separate entity, accounting would just show the millions going back & forth
... so it boils down to
if MA really is structured as IRC 501 (c) (3) "Unrelated Business Corporation"
then Muncie is not being too forthright with us members in their answers

Of course, the real trick is to not mention
if the dues $58 really was $40 Open + $18 directly to MA as 'member subscription revenue',
then that would drop the $7mil AMA Dues Revenue by how much?
The key is to only mention the receiving end of the transfer