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Re: billpr post# 33477

Monday, 03/12/2012 5:05:28 PM

Monday, March 12, 2012 5:05:28 PM

Post# of 53987
w/r to the 2010, I don't think it's the left over inventory that was the issue. (If it was then your solution to value it at zero might be fine). It's the cost of goods sold --- how much did they pay for all the inventory that was built into systems and sold? I think Miller's point was that there was concern that the record keeping 'might' not be sufficient for a 2010 audit; He said they were just going to get in there and see. So I suppose there is a chance they will present both years.
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