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KaiserSoze

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KaiserSoze

Re: Small Timer post# 47528

Wednesday, 07/18/2012 9:05:58 AM

Wednesday, July 18, 2012 9:05:58 AM

Post# of 52575
I have to disagree with you Mr Accountant. I'm a financial analyst by trade. Yes you can recognize revenues as WIP, but that doesn't mean they are legit. WIP should turn to receivables and receivables to cash. The $463k, although recognized as revenues, has not yet been billed. I could bet you my left nut that the $463k is still showing as WIP and not receivables, not cash at Q1 and Q2.
Bottom line is that Tivus has $0 sales at December 31st 2011.
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