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Post# of 69985
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Mcol52

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Mcol52

Re: Vilone post# 63379

Monday, 05/16/2022 8:37:10 AM

Monday, May 16, 2022 8:37:10 AM

Post# of 69985
They have to report it as deferred because there is a contract in place/promise to pay (probably through a financial instrument in that industry) and it also creates a liability because its a commitment to deliver a product (they have to order materials and build which creates costs - COGS).
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