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Replies to post #812 on Powerdyne International Inc (PWDY)

Replies to #812 on Powerdyne International Inc (PWDY)
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mgrove77

12/10/14 2:52 PM

#813 RE: TheTradingNinja #812

well, correct me if I'm wrong but based on accrual principles of GAAP, a contract can be recorded as revenue immediately. You don't have to wait till payments recieved over time to record.