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Re: Ricosauve post# 1955

Monday, 02/25/2019 6:53:30 AM

Monday, February 25, 2019 6:53:30 AM

Post# of 4079
They have over $1 million in “deferred” revenue. They already received the cash...

Deferred income is, in accrual accounting, money received for goods or services which have not yet been delivered. According to the revenue recognition principle, it is recorded as a liability until delivery is made, at which time it is converted into revenue.

$UPIN