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To: rudedog who wrote (53926)3/18/1999 2:44:00 PM
From: rupert1  Read Replies (1) | Respond to of 97611
 
rudedog: It is not unusual to have a large pre-payment (i.e. ahead of shipment) with orders for the Tandem Himilaya shipments, since they are largely custom built, and take a while to build.

Can "pre-payments" be booked in the quarter's revenues or do they have to wait shipment? Even if they can be, isn't it considered more prudent accounting to carry them forward to the quarter the goods are shipped? Unless, of course, the whole project under design and assembly is in modules and on a pay-as-you go basis.