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Fasctrack

08/07/21 9:15 PM

#58142 RE: Here Today #58140

Does anyone know if VDRM is on the accrual basis of accounting? If so, the revenue would be booked when earned not when collected. So while the cash won't be reported until the third quarter, accrued revenue would be reported in the second quarter. Of course whether or not it is considered earned would be determined by the underlying agreement.