Cascadia Investments (CDIV)

[theparty]

CFA L1 and L2 FSA book, income statement, and CPA Financial Accounting book, don't remember which CH.

You recognize the expense from the portion of the revenue that you realized. So, I book 50% of the Sale, I have to book 50% of the expense from that Sale, this could be cash spent, or accounts payable. The unrealized portion could be prepaid, or inventory...blah, blah

Sorry, wish I could have more time.