These are things I've read and heard, but you can never be 100% sure that the sources are right., if the source isn't Michael himself. An example: Jermaine said MJ's favourite colors were gold and red, Taraborrelli said in his book that it was yellow, so who are you going to believe...
GAAP, however, generally requires that these costs be expensed when incurred because it is difficult determine their future benefits and relation to future revenues (the matching principle). Unless there are large amounts of organizational expenses, they are usually expensed for GAAP and financial reporting purposes.
Non-Operating Expenses Hidden in Operating Earnings â NOPAT Adjustment. This report is one of a series on the adjustments we make to convert GAAP data to economic earnings. Reported earnings donât tell the whole story of a companyâs profits. They are based on accounting rules designed for debt investors, not equity investors, and are manipulated by companies to manage earnings.