4 ms·
There is a section that says customer deposits. I thought that's where the Model 3 Deposits and pending order deposits went.
by annerajb 10y ago
There is a section that says customer deposits.
I thought that's where the Model 3 Deposits and pending order deposits went.
- ghaff 10y agoLooks like it. So a deposit is received and it's recorded as cash (an asset) and customer deposits (a liability) on the balance sheet. And it doesn't affect the income statement. [ADDED: So customer deposits just a more specific name for revenue that can't be recognized as such yet.]