Q: How did you become familiar with that acronym?
A: Probably in Accounting 101 at Wharton.
Q: Okay. What do they teach you about generally accepted accounting principles in Wharton?
A: Well, I’m not an accountant, but that they are generally accepted.
Q: [Laughing] Anything else?
A: That’s pretty much what I remember from Accounting 101.
Q: Have you told me everything you know about GAAP? [Laughing]
A: Basically. You know, I’m sure I could come up with some creative stuff to kill time, but I’d be doing neither of us a favor in terms of educating ourselves.
Q: Thank you. So, fair to say you’ve never been employed in a position that required you to apply GAAP to your work?
A: No, not that I’m aware of.