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Technology Stocks : Ascend Communications (ASND)
ASND 204.41-1.0%Nov 14 9:30 AM EST
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To: Sector Investor who wrote (31878)1/23/1998 5:32:00 PM
From: Lockhart  Read Replies (2) of 61433
 
Re "deferred revenue going forward as indicated by AR..."

AR is not deferred revenue. AR is sale which have ocurred and are reprted on the most recent income statement. They have simply not been collected. These are indicated on the purchasers balance sheet as payables. Likewise the payables for ASND are purchases thay made which have nor been paid for but are reported on someone elses income statement as sales, and on their balance sheet as AR.

AR are from historic sales, not pending or unreported sales.
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