Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: torquatus who wrote (12295)	12/15/1999 11:55:00 AM
From: torquatus	Read Replies (1) of 18998

Trii, The previous post was from thestreet.com and referred to your turd bally total fitness. Maybe you could help me to understand Hillman & co.'s legerdemain below. ALLOWANCE FOR DOUBTFUL RECEIVABLES AND CANCELLATIONS A summary of the allowance for doubtful receivables and cancellations activity is as follows: THREE MONTHS ENDED SEPTEMBER 30 -------------------- 1999 1998 -------- -------- Contract cancellations and write-offs of uncollectable amounts, net of recoveries........ (70,123) (56,546) Provision for cancellations (classified as a direct reduction of revenues)........... 38,543 34,725 Provision for doubtful receivables....................... 35,719 30,857 -------- -------- Balance at end of period............ $136,436 $116,572 ======== ======== bft's reporting is unnecessary complex. Can you understand the difference between provision for cancellations and provision for doubtful receivables?

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