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SooS416

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Re: letj21 post# 12880

Thursday, 12/04/2014 1:30:41 PM

Thursday, December 04, 2014 1:30:41 PM

Post# of 114312
US GAAP states that if collectibility is uncertain you cannot recognize revenue, you can only recognize when cash is received under those circustances

Only other reason to not recognize is if they still need to satisfy their obligation in order to earn the revenue. If that was the case you would see an unearned revenue liability on the balance sheet
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