ATU » Topics » Revenue Recognition

This excerpt taken from the ATU 8-K filed Jan 4, 2005.

Revenue Recognition

 

The Company recognizes revenue principally upon shipment of products to customers, however no sooner than when title passes and all risk and rewards of ownership have been transferred. Reserves for estimated returns are established on the date of sale. Charges to customers for shipping are included in revenues while the Company includes the costs of shipping to its customers as part of its selling expenses.

 

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