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Thursday, August 16, 2007 10:01:49 AM
You said:
"Revenues are reported when realized (earned)(EXCEPT they do not have to be reported in the same quarter that is why many are saying you have to wait for the year end to get the whole picture)"
Of course they have to be reported in the same quarter in which they are realized and earned. Where did you get your accounting knowledge, through some correspondence course? Maybe you're the one helping these guys prepare the poor quality statements they put out.
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