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These excerpts taken from the INTX 10-K filed Mar 16, 2009. Accounts
and Note Receivable
Accounts receivable represents trade receivables as well as
in-process credit card billings. We provide an allowance for
doubtful accounts on trade receivables based upon factors
related to historical trends, a specific review of outstanding
invoices and other information. These estimates are based on
historical refunds and other known factors.
Table of Contents
INTERSECTIONS
INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS —
(Continued)
In December 2006, we entered into a note receivable with Captira
in the amount of $750 thousand. In addition, we increased the
note receivable by $750 thousand in 2007. In conjunction with
the acquisition of Captira, we forgave the outstanding note
balance of $1.5 million in the year ended December 31,
2007, including $67 thousand of interest, as discussed in
Note 3.
Accounts
and Note Receivable
Accounts receivable represents trade receivables as well as
in-process credit card billings. We provide an allowance for
doubtful accounts on trade receivables based upon factors
related to historical trends, a specific review of outstanding
invoices and other information. These estimates are based on
historical refunds and other known factors.
Table of Contents
INTERSECTIONS
INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS —
(Continued)
In December 2006, we entered into a note receivable with Captira
in the amount of $750 thousand. In addition, we increased the
note receivable by $750 thousand in 2007. In conjunction with
the acquisition of Captira, we forgave the outstanding note
balance of $1.5 million in the year ended December 31,
2007, including $67 thousand of interest, as discussed in
Note 3.
Accounts
and Note Receivable
Accounts receivable represents trade receivables as well as
in-process credit card billings. We provide an allowance for
doubtful accounts on trade receivables based upon factors
related to historical trends, a specific review of outstanding
invoices and other information. These estimates are based on
historical refunds and other known factors.
Table of Contents
INTERSECTIONS
INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS —
(Continued)
In December 2006, we entered into a note receivable with Captira
in the amount of $750 thousand. In addition, we increased the
note receivable by $750 thousand in 2007. In conjunction with
the acquisition of Captira, we forgave the outstanding note
balance of $1.5 million in the year ended December 31,
2007, including $67 thousand of interest, as discussed in
Note 3.
Accounts and Note Receivable Accounts receivable represents trade receivables as well as in-process credit card billings. We provide an allowance for doubtful accounts on trade receivables based upon factors related to historical trends, a specific review of outstanding invoices and other information. These estimates are based on historical refunds and other known factors.
Table of ContentsINTERSECTIONS INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) In December 2006, we entered into a note receivable with Captira in the amount of $750 thousand. In addition, we increased the note receivable by $750 thousand in 2007. In conjunction with the acquisition of Captira, we forgave the outstanding note balance of $1.5 million in the year ended December 31, 2007, including $67 thousand of interest, as discussed in Note 3. Accounts and Note Receivable Accounts receivable represents trade receivables as well as in-process credit card billings. We provide an allowance for doubtful accounts on trade receivables based upon factors related to historical trends, a specific review of outstanding invoices and other information. These estimates are based on historical refunds and other known factors.
Table of ContentsINTERSECTIONS INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) In December 2006, we entered into a note receivable with Captira in the amount of $750 thousand. In addition, we increased the note receivable by $750 thousand in 2007. In conjunction with the acquisition of Captira, we forgave the outstanding note balance of $1.5 million in the year ended December 31, 2007, including $67 thousand of interest, as discussed in Note 3. Accounts and Note Receivable Accounts receivable represents trade receivables as well as in-process credit card billings. We provide an allowance for doubtful accounts on trade receivables based upon factors related to historical trends, a specific review of outstanding invoices and other information. These estimates are based on historical refunds and other known factors.
Table of ContentsINTERSECTIONS INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) In December 2006, we entered into a note receivable with Captira in the amount of $750 thousand. In addition, we increased the note receivable by $750 thousand in 2007. In conjunction with the acquisition of Captira, we forgave the outstanding note balance of $1.5 million in the year ended December 31, 2007, including $67 thousand of interest, as discussed in Note 3. These excerpts taken from the INTX 10-K filed Mar 17, 2008. Accounts
Receivable and Note Receivable
Accounts receivable represents trade receivables as well as
in-process credit card billings. We provide an allowance for
doubtful accounts on trade receivables based upon factors
related to historical trends, a specific review of outstanding
invoices and other information. We also record a provision for
estimated sales refunds and allowances related to sales in the
same period that the related revenues are recorded. These
estimates are based on historical refunds and other known
factors.
In December 2006, we entered into a note receivable with Captira
in the amount of $750 thousand. In addition, we increased the
note receivable by $750 thousand in 2007. In conjunction
with the acquisition of Captira, we forgave the outstanding note
balance of $1.5 million in the year ended December 31,
2007, including $67 thousand of interest, as discussed in
Note 3.
Table of Contents
INTERSECTIONS
INC.
NOTES TO
CONSOLIDATED FINANCIAL STATEMENTS —
(Continued)
Accounts Receivable and Note Receivable Accounts receivable represents trade receivables as well as in-process credit card billings. We provide an allowance for doubtful accounts on trade receivables based upon factors related to historical trends, a specific review of outstanding invoices and other information. We also record a provision for estimated sales refunds and allowances related to sales in the same period that the related revenues are recorded. These estimates are based on historical refunds and other known factors. In December 2006, we entered into a note receivable with Captira in the amount of $750 thousand. In addition, we increased the note receivable by $750 thousand in 2007. In conjunction with the acquisition of Captira, we forgave the outstanding note balance of $1.5 million in the year ended December 31, 2007, including $67 thousand of interest, as discussed in Note 3.
Table of ContentsINTERSECTIONS INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) This excerpt taken from the INTX 10-K filed Mar 16, 2007. Accounts
Receivable and Note Receivable
Accounts receivable represents trade receivables as well as
in-process credit card billings. We provide an allowance for
doubtful accounts on trade receivables based upon factors
related to historical trends, a specific review of outstanding
invoices and other information. We also record a provision for
estimated sales refunds and allowances related to sales in the
same period that the related revenues are recorded. These
estimates are based on historical refunds and other known
factors.
In December 2006, we entered into a note receivable with an
unaffiliated company in the amount of $750 thousand. Interest at
an annual rate of 8.0% plus the entire principal balance is due
on December 31, 2007, if not paid earlier. This note is
secured by certain assets of the unaffiliated company.
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