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Re: DHOLE post# 30616

Saturday, 09/15/2012 8:47:52 PM

Saturday, September 15, 2012 8:47:52 PM

Post# of 52928
Dhole,
Let me try this one more time. Inventors' royalties are a cost of sales and are not netted out of revenue. This is not relevant to the declaration of revenue. It is a sales expense and will be accrued according to the terms of agreemet with inventors. Again the actual date of cash/value transfer is not the determinant of when these are accounted for in the Income Statement.
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