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Re: lakingsphan0427 post# 4761

Friday, 05/19/2006 1:22:08 PM

Friday, May 19, 2006 1:22:08 PM

Post# of 19255
can someone interpret this one out for me..is this means our Q report would have been a bit better ?


'' We continuously evaluate the collectibility of trade receivables by reviewing such factors as deterioration of the results of operations and the financial condition or bankruptcy filings of our customers. As a result of this review process, we record bad debt provisions to adjust the carrying amount of the receivables to their realizable value. Provisions for bad debts are also recorded resulting from the review of other factors, including (a) length of time the receivables are past due, (b) historical experience and (c) other factors obtained during collection efforts. If the circumstances relating to any specific customers change adversely, our provision for bad debts would be changed accordingly.''






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