Re:If you had 5 dollars and 2 hours, how would you make as m...
by amalcon on Saturday October 31, 2009 @01:27AM
(#913305)
So, the income can be counted before obligations are resolved? Tradesmen can "earn" large amounts of money in short periods of time under this definition, as they're often paid half up-front to fund materials, but they still need to do work in order to "earn" that money.
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Re:If you had 5 dollars and 2 hours, how would you make as m...
by koolkelso on Sunday November 01, 2009 @02:59AM
(#914841)
Well it depends on the method of accounting you're business would need or want to use, but in a monetary sense, then yes, it can be counted as cash made as soon as the money, not the product, is delivered.