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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?


To: Maverick who wrote (31926)1/23/1998 7:47:00 PM
From: Lockhart  Read Replies (1) | Respond to of 61433
 
Maverick

There is nothing on a financial statement at any level from company prepared to audited that indicates backlog or future sales. Reputable or unreputable....it doesn't matter. Impending sales are neither revenue or AR..they are "backlog" which is not a part of a financial statement. Any sales reported on a financial statement have ocurred. Any receivable is from an actual sale (ie: product shipped).

Collection of AR is a different issue.