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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: ciVic who wrote (67584)	1/26/2000 5:04:00 PM
From: swisstrader	Read Replies (1) \| Respond to of 108040

It's GAAP, not GAPP and that is wrong.

To: ciVic who wrote (67584)	1/26/2000 5:06:00 PM
From: vampire	Read Replies (1) \| Respond to of 108040

It's replies like this that make me think this bull market will end with record bankruptcies and suicides. People are buying and selling stocks without a clue.

To: ciVic who wrote (67584)	1/26/2000 5:13:00 PM
From: WhatsUpWithThat	Read Replies (2) \| Respond to of 108040

GAPP has nuthin to do with when revenue is realized - that's each companies own policy. Puh-leeze! Let's illustrate with an extreme example: On Dec 31st Dell closes a deal with GE for $10million of computing equipment spread over the next three years. So they can book the entire $10million order on Dec 31st? Ummmm...nope! Not even if GE pays for the whole thing up front! GAAP says revenue cannot be recognized until it is earned. In the case of physical goods, that's when the goods are shipped, and not until then. WUWT