Wednesday, September 28, 2005 12:24:45 PM
Frankly, I'm not sure, and I did not get a hold of Andy immediately for clarification.
In the balance sheet, it is accounted for as "Deferred income on shipments to distributors". The part I am not sure about is if and how it is accounted for in the P&L.
From my general understanding of schemes, I believe it would be accounted for at least with respect to valuation: High-end CPUs in the inventories is manufacturing cost, stuff shipped out is market value (or better said what is invoiced, independent from when it is due). Insofar it would make a difference for the calculation of GM as well.
Needless to say, any assistance appreciated. My accounting skills are rusty nowadays. :(
K.
Facts are irrelevant to the emotional brain
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