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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?

To: akmike who wrote (38948)	5/10/2002 10:15:24 AM
From: Duffeck	Read Replies (2) \| Respond to of 42804

<<The reported revenue (cash received, not trade) would be reported in gross revenues and the aggregate amount of all cash received in this manner reported>> Mike, I don't get it, why don't trade in's count as revenue? Or is it only "certain" trade in's that don't count. Most people trade in their old car when they buy a new one. I suppose the car manufacturers book the entire wholesale price as revenue since they are selling to the dealers. But what about the dealers? Do they only book the cash "down payment" as income? Somehow I doubt it. But then I'd be the first to admit I don't know diddily about accounting. duff