text_combined: fw onondaga louise dave talking accounting past several days regarding onondaga mentioned meeting yesterday whatever reason interest onondaga cash flow interest agreement viewed accounting receivable commercial standpoint incorrect end day really matter billy e mail basically states onondaga interest classified reduce 7 9 million 1 1 million payment received last week readjust value asset based internal valuation based written indication received week prospective purchaser adjusting value receivable 10 million application 1 1 million payment received would conservative would net gain 3 1 million q 3 concurrence work billy support adjustment onondaga 10 million therefore gain 3 1 million advise credit gain profit center unless tell otherwise please let know questions regards ben original message fleenor william sent wednesday september 19 2001 5 57 pm jacoby ben subject onondaga ben based upon review cashflow interest agreement partnership agreement numerous discussions internal accountants determined inappropriate recognize cash payment received income basis carried books currently approx 7 9 mm represents long term receivable resulted tracking account arrangement original gas supply agreement ena oclp addition asset qualify mtm fair value accounting models payment received oclp based cashflow interest agreement reduce long term receivable currently recorded books however also understanding prior year management decision made reduce write 8 million long term receivable based upon best information available time stated internal sales efforts support conclusion prior year write would suggest need effectively adjust write asset reflect truly believe collectible considered change accounting estimate flow current quarter earnings management makes decision asset incorrectly written prior year basically gets accounting treatment mtm things need noted 1 support need provided substantially supports adjustment valuation asset please provide 2 resolve geography income results increase asset supposedly corp took write may cause problems 3 somebody accept responsibility valuation exposure create understanding rac credit involved 4 need able explain basis used determining write prior year probably get questioned aa please call would like discuss regards billy original message jacoby ben sent tuesday september 18 2001 9 37 pm fleenor william vos theresa subject onondaga please book payment received onondaga q 3 income morning meeting louise advised internal valuation sales efforts support payment taken income please advise need update tomorrow thanks much ben