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Re: TheTradingNinja post# 812

Wednesday, 12/10/2014 2:52:37 PM

Wednesday, December 10, 2014 2:52:37 PM

Post# of 13392
well, correct me if I'm wrong but based on accrual principles of GAAP, a contract can be recorded as revenue immediately. You don't have to wait till payments recieved over time to record.
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