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Posted On: 12/15/2019 3:53:52 PM
Post# of 82676
When revenue is earned and is due to be collected, GAAP for accrual basis accounting dictates that an accounts receivable will be booked for that amount of revenue. At that time the auditors will verify the amount management determines is receivable.
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My comments are only my opinion and are not to be used for investment advice. Please conduct your own due diligence before choosing to buy or sell any investment.
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