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Re: risk on post# 93557

Friday, 04/17/2015 3:38:20 PM

Friday, April 17, 2015 3:38:20 PM

Post# of 101798
accounts receivable of $12,490 for 1st parcel are always part of current assets(CA)- CA is anything expected to be converted to cash within a year

so CA jumped because of the 1st sale recorded as an account receivable(as of dec 31)

as i said the sale being on or about dec 31-probably a bank holiday plus jan 1 bank holiday- added to the confusion

so delivery could be completed dec 31 while not recorded by SNEY bank account until the next business banking day

on accrual basis income revenue in 2014 if delivery occurred 2014 cash sale
but on cash basis accounting no revenue because not recorded by SNEY bank acct til 2015

'no revenue expected' probably means 'no net income' until commercial river operations-because they obviously have had revenue from 1st 2 parcels

people often sloppily mix the 2 though they shouldnt do that in 10k but accountants are people too




Imo. Do your dd before investing. I'm not a financial adviser nor compensated for my posts. They don't believe what they say, so why should you?

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