BBEP » Topics » Cash and cash equivalents

This excerpt taken from the BBEP 8-K filed Nov 6, 2007.

Cash and Cash Equivalents

 

The Northeast Operations does not maintain its own bank account and accordingly, all cash receipts and disbursements flow through the owner’s net investment account in the accompanying carve out financial statements. Quicksilver provides cash as needed to support the Northeast Operations and collects cash for its revenues. Consequently, the accompanying carve out balance sheets do not include any cash balances. Cash received or paid by Quicksilver for its Northeast Operations is reflected as owner’s distributions or contributions on the accompanying carve out statements of owner’s net investment.

 

Through March 2005, the Northeast Operations did maintain its own back account. Until that time, cash receipts and disbursements were recorded as Northeast Operations cash activities in the accompanying carve out financial statements.

 

This excerpt taken from the BBEP 10-K filed Apr 2, 2007.

Cash and cash equivalents

The Partnership considers all investments with original maturities of three months or less to be cash equivalents.

This excerpt taken from the BBEP 10-Q filed Nov 17, 2006.

Cash and cash equivalents

The Company considers all investments with original maturities of three months or less to be cash equivalents.

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