DD Support Board and Research Team

[OMOLIVES]

Yes...it is GAAP. As in, generally accepted accounting principles.

Again, if one is billed in the current period for payment and delivery in a future period...then the journal entry for said amount would be included in both accounts receivable and deferred revenue.

With that aside, the amount shown is ridicules at face value. But nothing shown as entries are out of line with GAAP.