Auric Goldfinger's Short List Message Board

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Non-Tech : Auric Goldfinger's Short List

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To: Sir Auric Goldfinger who wrote (8969)	1/16/2002 3:06:01 PM
From: Kevin Podsiadlik	Read Replies (1) of 19428

Reportedly, this is an actual transcript from a company's conference call yesterday: Caller: Could you give us where allowance for doubtful accounts stands right now, please? CFO: Are you asking the provision for uncollectable accounts of $41,673 on the income statement? Or are you talking about... Caller: I'm talking about the reserve -- the allowance for doubtful accounts that would be against your gross receivables so that you have -- you report net accounts receivable. What is your allowance for doubtful accounts? What's your reserve that's been built up over time? CFO: The way we present our [unintelligible] and net revenue and that is the gross revenue minus, I believe, what you are talking about the reserve for uncollectible portion from insurance company or third party. Caller: Uh, either one. Let me, maybe if I can contrast it where it was in the 10-K. ... Anyway, it's a standard nomenclature. It's called allowance for doubtful accounts. ... It was $193,000 in August. Do you know what it is now, please? CFO: Let me turn my page on the same page that you are saying ... a minute. Caller: All right, let me -- maybe I can go on while he's searching that. If I could ask another question here... It gets better...

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