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Technology Stocks : The Learning Company (TLC) -- Ignore unavailable to you. Want to Upgrade?

To: paul richards who wrote (5247)	7/29/1998 11:48:00 AM
From: Thomas C. Donald	Read Replies (2) \| Respond to of 6318

Paul: The account we're discussing appears to be a RESERVE account. There seems to have been $57,738 in actual returns and allowances (moved from this RESERVE account to AR). In planning for future activities, $67,773 was moved from "costs and expenses" to the RESERVE account. As a result of these two sets of entries in the books, RESERVES for "returns and doubtful accounts" were increased from $15,191K to $29,226. You seem to have understood the financial statement differently. If you were wrong in your interpretation of the data, that may be the basis of the questionable contentions about TLC's accounting.