MOP Environmental Solutions (MOPN)

[Windbag1014]

I disagree. If this was ordered and shipped before quarter end (6/30/11) using accrual based accounting the order would be booked as revenue with an accounts receivable for the same amount. Once payment is made, the a/r is zeroed out and cash is booked. 30 - 90 day window is for payment, not the booking of revenue. You're talking about cash based accounting. MOPN has used accrual based as long as I have been watching them.