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Re: nobody12378 post# 28778

Saturday, 05/19/2012 12:23:39 PM

Saturday, May 19, 2012 12:23:39 PM

Post# of 52858
Nobody
I don't think thta theory works. If they had taken corn oil instead of cash you would see an inventory item valuing the corn oil at market rate. I don't see that anywhere. Regardless of the location of the corn oil the substance of the transaction would be payment of royalty with goods, rather than cash. IMO they would still need to account for this as revenue.