Replies to post #94749 on Conversion Solutions Holdings (fka CSHD)

[53chevy]

O', I like you too. We've traded enough notes to have mutual respect.

Show me where its delinquent? I have accounts payable myself, but that doesn't make them delinquent, simply because I show my obligation on the liabilities pages.

Financials are nothing more than a reconciliation of assets and liabilities. The fee is a liability. IF you know how to read a financial statement and a balance sheet, you would know that. I deal with them all the time.

I don't know of a single balance sheet that I have ever reviewed that distinguishes its liabilities between those current and those delinquent, so how do you know its delinquent?

[rookiecrd1]

Wow man, you clearly don't understand accounting or how a balance sheet is put together....

You think that just because a Payment they owe is listed under a liability that it is delinquent? Explain to me how you came up with this piece of information.

Just so you know, any future payments owed by contract is considered a liability in accounting until it is paid. It has nothing to do with delinquency or not.

Here is an everyday example:
If Microsoft were to sign a licensing deal with a small corporation that required microsoft to pay out a rebate after say 10 months, and the accounting period ended in 3 months, that rebate would be considered a liability, since they contractually owe that amount. They still have 7 months to pay it though before it becomes delinquent. I think you need to wake up and open your eyes!