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Dionne

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Dionne

Re: GhostR post# 92246

Tuesday, 08/17/2010 9:36:22 AM

Tuesday, August 17, 2010 9:36:22 AM

Post# of 157001
According to GAAP, they can't record revenue just because they received cash. Their cash balance would increase, but there would be a liability increase as well. They would then decrease the liability monthly and increase revenue accordingly!
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