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Microcap & Penny Stocks : Saflink Corp. (ESAF) Biometric Software Provider -- Ignore unavailable to you. Want to Upgrade?

To: Sheldon C. who wrote (2350)	11/11/1997 3:51:00 PM
From: NYBellBoy	Respond to of 4676

Sheldon - to answer your question.....CPA to the Rescue!!!!!!!! <Analysis of the $600k of receivables is important. Are they currrent receivables i.e. due in this qtr. or are they long term, such as the N.J. agreement which wont be payed until next year? Can any CPA's on thread tell me if there is some rule about this?> Current receivables usually means cash to be received within one year. This is the standard GAAP accounting. However, if the Revenue Cycle like building ships, under the Completed Contract method of accounting, you would have your Current Acct. Receivable and your Long Term Receivables. Looking at 10-Q, the Gross Accounts Receivable is 755 and the Allowance for Doubtful Accounts is 97; therefore the balance is 658 and they included it in Total Current Assets. :) BellBoy