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Re: oneinamillion post# 161489

Friday, 07/10/2009 10:48:16 AM

Friday, July 10, 2009 10:48:16 AM

Post# of 192567
exactly....


eeso "IS TO BE OWNER" if it honors the land contract. eeso is not the owner yet, therefore, based upon GAAP, eeso's financials are materially misstated when it listed the farm as an assett and the land contract as a mortgage.