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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 7:42:00 PM
From: Daniel W. Koehler	Read Replies (3) of 61433

Sector Under accrual accounting, the A/R are booked as revenue when sales are booked but the cash has not yet been received. When the cash comes in, the A/R balance is reduced. A/R's are not reservoirs of deferred income. Deferred income is a balance sheet liability that generally occurs when goods are shipped but not taken into income until the sale/earnings process is finally completed.. IMO, Maverick's statement would be true if the deferred income balance were increasing, but not A/R Am I missing something here? I got my CPA in 1976 but haven't practiced in a while. Daniel

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