http://www.creditwritedowns.com/2009/05/links-2009-05-27.html a finance news and opinion site Sun, 21 Mar 2010 15:11:29 +0000 hourly 1 http://www.creditwritedowns.com/2009/05/links-2009-05-27.html#comment-5353 kfizzle Wed, 27 May 2009 22:33:32 +0000 http://www.creditwritedowns.com/?p=8803#comment-5353 As far as people pre-paying their mortgages, if they pre-pay their interest payments, it gets recognized in an asset account (prepaid interest) as it is realized (paid). Its not booked as revenue until its earned, whereby it moves from the Balance Sheet (prepaid interest) to the Income Statement where it then becomes revenue. Just sayin' As far as people pre-paying their mortgages, if they pre-pay their interest payments, it gets recognized in an asset account (prepaid interest) as it is realized (paid). Its not booked as revenue until its earned, whereby it moves from the Balance Sheet (prepaid interest) to the Income Statement where it then becomes revenue. Just sayin’

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