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ypsiCPA

08/29/08 6:54 PM

#22494 RE: cassini2titan #22493

cassini2titan, thanks for correcting me. So the only expenses not already booked are late fees, and any interest in excess of 12%.
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SLEE123455

08/29/08 8:49 PM

#22496 RE: cassini2titan #22493

I believe accruing the interest accrued would be consistent with accounting conventions. They had to set aside at least the minimum due on the liability, which would necessarily include interest.