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Post# of 99167
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annie m

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annie m

Re: ThSeeker post# 37181

Thursday, 11/08/2007 11:40:40 AM

Thursday, November 08, 2007 11:40:40 AM

Post# of 99167
Agree Seeker, they bought the license for $1.5 M payable over 3 quarters @ $500k per quarter. The license is perpetual.
Seems to me, we could record the payment in that quarter as an installment payment with the 7% income to be recorded in the quarter earned.
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