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TrueFlaco

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TrueFlaco

Re: MikeDDKing post# 105

Friday, 11/13/2009 12:15:22 PM

Friday, November 13, 2009 12:15:22 PM

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OK, maybe I'm missing something but what does the collection of Receivables have to do with Revenue? Wouldn't they be recognizing Revenue when the work (service) is completed, not on collection of the Receivable? I would think that this would only be a benefit if they had taken a Bad Debt write-off and then went and collected most of it - but that wouldn't hit the Revenue line...
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