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Re: AC416 post# 85578

Thursday, 10/01/2009 6:42:00 PM

Thursday, October 01, 2009 6:42:00 PM

Post# of 97598
With accrual accounting, they will show accounts receivable and inventory as well -- bottled water waiting to be shipped.
But there's nothing like showing a profit, which will reduce the deficit in retained earnings (around $2M), giving the balance sheet a much healthier look. And then of course there's that cash balance of $900 from the last quarter to keep an eye on. Should be at least five figures by now.