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Post# of 17370
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Bill_Investor

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Bill_Investor

Re: Robsct post# 10468

Thursday, 02/05/2009 1:08:57 PM

Thursday, February 05, 2009 1:08:57 PM

Post# of 17370
Completely incorrect. For GAAP (accrual) purposes, revenue is booked when earned. Collection and/or payment does not even come into play when recording revenue.

When payment is received, this offsets the receivable balance.

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