> On May 15, 2022, at 8:15 AM, Andrea Borgia <and...@borgia.bo.it> wrote:
>
> Problem is, the example applies to a painting, that is an object whose value
> changes, not shares whose number remains constant but whose value changes,
> thus leading to a change in total valuation.
There's no accounting difference between a painting and a share of stock,
though using a painting for the example forecloses the opportunity to discuss a
long-running account having multiple purchases and sales of the asset type
because Degas paintings are one-offs while shares of, say, Apple are fungible.
> On May 15, 2022, at 8:43 AM, Michael or Penny Novack
> <stepbystepf...@comcast.net> wrote:
>
> Likewise your "pictures" asset account (I take it that this is a mutual fund
> investing in "unfungible assets" like artworks)
No, it's about the example in the Tutorial and Concepts Guide. The author chose
to be cute and use a painting as the example asset.
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