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Alias Born 12/14/2009

Re: None

Tuesday, 12/15/2009 6:30:05 AM

Tuesday, December 15, 2009 6:30:05 AM

Post# of 75808
Here's another thing to think about? If the $150,000 is already recorded in the books, where is the rest of the $2,000,000? The remaining 1.85 Million should have been recorded as a receivable right? Here is a potential accounting entry:
Debit Credit
Cash $150,000
Stock Equity (422Million shares) $150,00

Receivables $1,850,000
Additional Paid in Capital $1,850,000

Here's a question: When is the determination made that $1,850,000 has been provided to RLTR for services rendered by CEC? How is it determined? Who determines it?




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