In this case, for a number of reasons, their treatment's clearly preferable — $ 1.3 m of AREO revenue (which is contractually due) is recorded, but this amount's immediately written off as a bad debt provision in the P&L. (wexboy.wordpress.com)
-- First, this loan's the latest milestone in a steadily increasing level of investment in AREO over the past couple of years — in terms of equity & loan investments, and the deferral / write - off of fees. (wexboy.wordpress.com)