Friday, January 30, 2009

Accounts Payable and Bankruptcy.

I was going through the accounts payable aging reports for a potential acquisition. There were two funny items: they have been stiffing their collection agency since early last year and an accounting firm who did their valuation in mid 2007.

1 comment:

Ani said...


Caught a bit on CNBC of noisy squawking about cutting Wall Street bonuses--comparing bankers to salespeople and judging by how MUCH they sold people, but not noting WHAT they sold people, seems to be missing the point.

Apparently someone in Washington has suggested that no one on Wall Street make more than $400,000, the salary of the President of the U.S. So I guess Joe the Plumber's concerns about redistributing the wealth were valid, after all! :)