BLACKROCK Municipal Income TRUST V.BFK.P

Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.

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BLACKROCK Municipal Income TRUST > Accounting rule question

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Post by LTStrategyon Oct 18, 2020 10:21am

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Post# 31735819

Accounting rule question

Any Accountants on this board?

question is....

Since Truss is a separate entity, I'm assuming Truss become a customer of HEXO, therefore when the ship to Truss they can immediately claim as product sold even if the beverages aren't shipped? Is that an accurate statement?

assuming it is, if HEXO was missing $1m of sales for the quarter to have better than expected results, what is stopping them from picking up the phone and asking Truss to pick up an extra $1m.

is there an accounting rule that would prevent this from happening?

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