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...As such, accounts receivable and accounts payable will simply reverse in the current quarter and cash flow will even out in the current year....
...Zurich also claims Gupta made “false” representations in a letter to Greensill and Marsh by suggesting there were genuine accounts receivable owed to Liberty Commodities, one of his companies....
...The appeals court wrote: “Apollo’s accounts receivable department contravened the terms of the fund partnership agreements — negligently or otherwise — and billed the funds directly for such administrative...
...Blackstone’s credit and insurance division will buy the US credit card receivables from Barclays for an undisclosed sum, and the bank will continue to service the accounts for a fee....
...Public records show accounts receivable at the country’s 11 main PCR testing companies soared nearly 90 per cent year on year to hit Rmb38bn ($5.4bn) in September....
...Smooth-talking former watermelon farmer Lex Greensill, who enlisted ex-UK prime minister David Cameron as an adviser, used the money in the funds to buy so-called receivables, a form of corporate invoice...
...The pop in the latest accounts is pretty chunky: What falls into this category?...
...than $190mn when interest and other charges are taken into account....
...But it then removed the item the following year, writing off the investment but not restating its 2015 accounts....
...They further argued that if the SSI debt was to be added back, then what it called the “fruits” of the debt — the inventory and accounts receivable on the other side of the ledger that the debt funded —...
...Apollo told him: “Apollo’s accounts receivable department never knowingly, or as a matter of practice, improperly billed any Apollo-managed funds for expenses that should have been accounted for as management...
...It added certain account debtors within the scheme either “have no outstanding indebtedness” to Liberty Commodities, “do not recognise the relevant receivable” or “have no transaction history whatsoever”...
...According to the OSC, Emerge US’s attempts to raise the funds it needs to pay off the receivable have been fruitless....
...accounts receivable profile were identified, which is not in line with the rest of the Group; • inadequate accounting records were retained; and • instances of non-compliance with High Value Dealer regulations...
...PacWest has now sold loans backed by various “accounts receivable” weeks after flogging a multibillion-dollar portfolio of construction loans. It wants to focus on being a “community bank”....
...What are the “accounts receivable”?...
...in “Accounts payable and accrued liabilities.”...
...This is followed by other assets at 16%, account receivables at 14% and cash at 9% . . ....
...General Dynamics told investors last month that its “unbilled receivables” related to Ajax stood at “roughly $1.7bn” at the end of 2022 and that it expected payments to restart by the end of March....
...The annual report for 2011 had a chunky £2mn receivable from a company called Amorix, which was controlled by Cupid’s founders....
...Court documents seen by the Financial Times show the alleged fraud has drawn in Wall Street bank Citigroup, which financed the trades, and UK lender Barclays, where Gupta’s companies held accounts that received...
...Accounts receivable at the biggest local PCR testing companies nearly doubled in September to $5.4bn....
...But founders can seem allergic to spending time and money to account for it properly....
...Armstrong, author of The Fall of the House of Lucre: A Tale of Greed, Sex and Accounts Receivable....
...For several months in 2017, Tether had no access to banking services and at one point more than 85 per cent of its cash was held in a Bitfinex bank account, accounted for as a “receivable” from its sister...
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