Fitbit was bought out by Google a while ago wasn't it?
Does anyone have any insight into the accounting mechanics of putting inventory into Telstra's stores? If SpaceTalk distributes out 10k watches across Telstra's 360 stores to then resell (say 10 grey, 6 x 3 colors), will that distribution be counted as a sale (Accounts Receivable) where Telstra has paid Spacetalk in advance for the inventory, or will it be counted as inventory on the balance sheet where it's Spacetalk's Current Asset (valued at the Cost of Goods Sold or Net Realisable Value?)
Trying to get a feel for if Telstra stocking these watches will have an immediate impact on the income for Q4.
SPA Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
