Thanks for that.
That nearly raises more questions than it answers.
should have been presented as a reversal of revenue relating to past periods instead of a doubtful debt expense
Does that mean they booked revenue from IBM (assuming it's them) that they hadn't actually earned, and then when they didn't get it tried to explain it away as a doubtful debt?
At least that explains why it hasn't been paid. What was all the spin about a "payment plan"?
Ann: Suspension from Quotation, page-24
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