RE:RE:RE:RE:RE:RE:RE:RE:My take on the ResultsI may explain this right yet :
Below I copy what CP wrote earlier. But it seems quite clear this does not relate to Motorola.
The mistake/ typo I made was to say cash was recorded relating to unbilled revenue. I meant Revenue has been recorded. The Unbilled Revenue asset related to revenue recognized on some IRD jobs that are patially complete. It is the same situation as it was On Dec 31, 2020.
CP wrote:
"If you understand accounting correctly, to add short term assets to the balance sheet, you either need to decrease another asset by the same amount (say +cash -accounts receivables) or you have to enter an equivalent liability (say +cash in assets, +deffered revenu in liabilities). You can't increase two assets without any other counterparty.
You can't do +cash +unbilled revenue, as that would double assets value and then total assets wouldn't balance with total liabilities.
Being a CPA, it is impossible that you receive cash and put up unbilled revenues at the same time in the assets category. Assets, per definition, have a future value (in cash)."