07-03-2022, 07:26 PM
So why does a company like K-Mart or Sears remain in existence once it is no longer a going concern? It may have valuable assets such as real estate or fully-depreciated machinery still useful. A publishing house or recording company might have copyrights written off as assets but still useful. A company might own a patent or have some resources after depletion allowances are exhausted. It may have a loyal customer base desirable somewhere else (My Montgomery Ward credit card basically became a Wal*Mart credit card, as Montgomery Ward and Wal*Mart customers have similar demographics) Creditors can at times recognize this, and they may decide that a company that it is better that some operations that might not turn a profit might pay costs of taxes and maintenance.
The company may be dependent on others for existence. It could be the supplier of a component that its clients need, and its customers allow it enough revenue to limp along until the client finds another source or an in-house solution.
The company may be dependent on others for existence. It could be the supplier of a component that its clients need, and its customers allow it enough revenue to limp along until the client finds another source or an in-house solution.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.