HOFT » Topics » Revenue Recognition

This excerpt taken from the HOFT 10-K filed Feb 28, 2007.

Revenue Recognition

The Company recognizes sales revenue when title and the risk of loss pass to the customer, which occurs at the time of shipment. Sales are recorded net of allowances for trade promotions, estimated product returns, rebate advertising programs and other discounts.

This excerpt taken from the HOFT 10-K filed Feb 28, 2006.

Revenue Recognition

The Company recognizes sales revenue when title and the risk of loss pass to the customer, which occurs at the time of shipment. Sales are recorded net of allowances for trade promotions, estimated product returns, rebate advertising programs and other discounts.

This excerpt taken from the HOFT 10-K filed Feb 23, 2005.

Revenue Recognition

 

The Company recognizes sales revenue when title and the risk of loss pass to the customer, which occurs at the time of shipment. Sales are recorded net of allowances for trade promotions, estimated product returns and other discounts.

 

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