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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?


To: Bid Buster who wrote (30227)7/9/2001 9:55:53 AM
From: WhatsUpWithThat  Respond to of 37746
 
I've not looked into similar proceedings, but GAAP says you have to write it off when it becomes likely to be uncollectible. A judgement, to be sure, and this is not a quarter the auditors will be reviewing before release, but still I'd think the way things are looking they'd really be stretching if they just left it on their books.

Thks for the input

Cheers
WUWT