Montana Lottery Financial Statements (Unaudited) March 31, 1988
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In our eReader you can find the full English version of the book. Read Montana Lottery Financial Statements (Unaudited) March 31, 1988 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Montana Lottery Financial Statements (Unaudited) March 31, 1988
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To quickly assess the difficulty of the text, read a short excerpt:
No prize expense is recorded for free tickets distributed.
Commissions . Retailers receive a five percent commission on tickets or chances sold. Commission expense is recorded based on the face value of tickets delivered to the retailers .
Amortization . The Instant Lottery System (XLS) software, classified as an intangible asset, is being amortized over a period of five years using the straight line method.
Receivables . Receivables represent amounts owing the Lottery for purchased tickets. An... allowance for doubtful accounts has not been established because no uncollectible accounts existed at the end of the financial reporting periods .
Equipment and Other Fixed Assets. Equipment and other fixed assets are recorded at cost. Depreciation is calculated using the straight-line method over estimated lives of four to ten years.
Inventories . Inventories consist of lottery tickets stored in the warehouse and with the Marketing representatives.
These ticket inventories are recorded at cost and maintained on a perpetual inventory system.
What to read after Montana Lottery Financial Statements (Unaudited) March 31, 1988?
You can find similar books in the "Read Also" column, or choose other free books by Montana Lottery to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
No prize expense is recorded for free tickets distributed.
Commissions . Retailers receive a five percent commission on tickets or chances sold. Commission expense is recorded based on the face value of tickets delivered to the retailers .
Amortization . The Instant Lottery System (XLS) software, classified as an intangible asset, is being amortized over a period of five years using the straight line method.
Receivables . Receivables represent amounts owing the Lottery for purchased tickets. An... allowance for doubtful accounts has not been established because no uncollectible accounts existed at the end of the financial reporting periods .
Equipment and Other Fixed Assets. Equipment and other fixed assets are recorded at cost. Depreciation is calculated using the straight-line method over estimated lives of four to ten years.
Inventories . Inventories consist of lottery tickets stored in the warehouse and with the Marketing representatives.
These ticket inventories are recorded at cost and maintained on a perpetual inventory system.
What to read after Montana Lottery Financial Statements (Unaudited) March 31, 1988?
You can find similar books in the "Read Also" column, or choose other free books by Montana Lottery to read onlineMoreLess
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