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TampaTradr

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TampaTradr

Re: corporalagarn post# 290870

Tuesday, 03/14/2017 11:03:33 AM

Tuesday, March 14, 2017 11:03:33 AM

Post# of 345868
Corp, assets on a balance sheet that are not yet "earned" generally carry an offsetting liability entry such as "deferred Revenue" or something similar until they are indeed "earned".

I would be surprised to see any reputable CPA certify as "audited" financial statements that implied unearned profit is an asset by itself.

Maybe someone here more versed in Accounting can expand on that.
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