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To: Madharry who wrote (24177)6/29/2006 3:20:09 PM
From: Paul Senior  Respond to of 78958
 
Madharry, I don't know how they book such a sale. I presume they book full amount at time of purchase and and put a small percentage of all such sales in an "allowance for doubtful accounts" offset. That percentage would be a judgement call based on historical and comparative numbers. And of course, many companies have kept the percentage too low in order to report larger net sales and larger earnings.