Quote:
Originally Posted by oldpotatoe
Little surprised he's so open about the $..I wonder if it has tax repercussions.
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This makes me think of groupon.
Buy a $10 gift certificate today, spend it at sometime in the future. The accounting for income matching/expense would be a pain, plus you no have a liability on your books for the $10 gift certifcate until it is spent. If all $215k comes in a bunch, the problem occurs again, no cash flow.
I'm not an accountant, nor do i play one on TV, have taken just enough courses in university and read enough balance sheets to be dangerous in thinking about this stuff.