Replies to post #58768 on BrewBilt Brewing Co (BRBL)

[Lottalead]

According to GAAP, companies cannot book a revenue until they have first recognized the revenue. A revenue is recognized only when it has been earned. ... Booking revenue before recognizing it violates the revenue recognition principle under GAAP.

[Lottalead]

Did you concede this point as well or still maintain that sales are revenue? ??