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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 164.53-0.4%Jan 14 3:59 PM EST
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To: scratchmyback who wrote (79283)7/28/2008 11:47:19 AM
From: benhorseman  Read Replies (1) of 197214
 
<<If Nokia is going to pay a one-time payment of $2 to $3.5 billion, we will know it by October 16, when Nokia releases its third quarter results. I don't want to speculate on the way Qualcomm handles the up-front payment, but I don't see any other alternative for Nokia than to book it as a one time item for the third quarter. And then we'll know.>>

This is my take from accounting view point:

On NOK's book, the up-front payment might show as a Deferred Charge(asset)on the Balance Sheet that will be amortized over the term of the agreement(15 years).

On Qualcomm's book,the up-front payment might show as a Deferred Revenue(Liabilities) on the Balance Sheet that will also be amortized over the term of the agreement(15 years).
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