This is what you call great analysis, page-122

P&L Accounts
I'm comfortable that P&L accounts are fine. The conversion from deferred revenue liability to revenue income starts once the customer accepts video and is pro-rated over 12 month contract life.


Why would a "FCC approved" customer's revenue be pro-rated when FCC have then paid the full 12 months at 76% of video offer to BIG?


I can understand for 12 month paying customers (non financed), but why for those you have received all funds (under the assumption that BIG no longer have liability to FCC for that customer)?