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Technology Stocks : Apple Inc.
AAPL 273.25-0.2%3:59 PM EST
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To: Jonathan Bird who wrote (14154)5/29/1998 4:47:00 PM
From: Alomex  Read Replies (1) of 213177
 

As Jon, points out, the problem is that there is not matching money elsewhere to show for the reduction in accounts receivable.

I don't know enough accounting to be absolutely sure that the reduction in accounts receivable is/isn't reflected somewhere in the balance statement.

Certainly to the untrained eye it looks like Apple collected $200 million in revenues out of their stash of sold-but-not-paid-for computers and have only $100 million to show for it.

It seems Jon knows quite a bit about accounting, so I'll defer to him...
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