[xcamel]

It's a chicken-or-egg conundrum. A credit doesn't pay the bills, sales at a profit does. It takes allot of sales to make up for 30% of the value of the pre-existing inventory. With the economy in a state of complete turmoil at the time of FT being signed into law, no businessperson I know of is going to be the first one to "trust the government".

A rising tide may raise all boats, but a tsunami sinks everything.

[Principled]

Oh so now you've read it. Now you're here to tell us it doesn't matter. Predictable!

You didn't even know 902 (crediting inventory) was there, did you? Ever think it would help to read hr 25?

[Principled]

A credit doesn't pay the bills, sales at a profit does.

ANd just when would the seller get the money to pay his bills if there were no switch to an nrst?..... sagebrush rolling... crickets chirping...

When he sells the product, of course. When will he get is money under the nrst (with the credit for embedded costs)? When he sells the product, of course.

I think you'd be wise to let us all think you a fool rather than opening your mouth and proving it. LOL