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Amerigo Resources Ltd. Consolidated Financial Statements June 30, 2010, Unaudited (expressed in U.S. dollars) Amerigo Resources Ltd. Consolidated Balance Sheets (Unaudited) (expressed in U.S. dollars)
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Contractual right - net refers to the amount of revenue recognized from contracts with customers, adjusted for returns, discounts, and allowances.
Companies that enter into contracts with customers and recognize revenue from those contracts are required to file contractual right - net.
Contractual right - net is filled out by adjusting the total revenue recognized from contracts with customers for returns, discounts, and allowances.
The purpose of contractual right - net is to accurately report the net revenue earned from contracts with customers.
Information such as total revenue recognized, returns, discounts, and allowances must be reported on contractual right - net.
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