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To: rudedog who wrote (60697)8/25/1998 10:48:00 AM
From: Rich Young  Read Replies (2) | Respond to of 176387
 
If I understand this correctly, factoring the receivables has nothing to do with earnings and everything to do with cash flow. Receivables are simply revenue that has already been booked but not collected. I'm by far no accounting wizard, but I don't see how it has anything to do with revenue or earnings.

Rich



To: rudedog who wrote (60697)8/25/1998 12:13:00 PM
From: divvie  Respond to of 176387
 
Thanks for the explanation

>>But misleading?? not to the folks on this thread who look carefully at the numbers. Jim Kelley and others on this thread were all over the factoring story back in January.<<

I have searched back extensively on this thread and didn't see this. I should have known better though!


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