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Since the 19th century, consistent financial reporting principles have made it possible to invest in companies run by foreigners. This, in turn, led to the rise of publicly traded companies. Public enterprise accounting assesses the financial health of a business as an ongoing concern, not how much money it has. This philosophy can be confusing, …

Arch Resources, Inc. (NYSE: ARCH) has just released its quarterly report and things are looking upbeat. Overall, results were pretty good, with revenue exceeding expectations of $ 358 million and statutory losses of just $ 0.40 per share, 29% lower than analysts had expected. Following the result, analysts updated their earnings model, and it would …