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@bycoffe
Created March 29, 2012 14:42
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["TEXT", "SA11ai", nil, "Regarding negative receipts listed on line 11(a)(i) with the description of 'ACH Return', these are interbank clearing of electronic payments processed by the Automated Clearing House (ACH) network of participating banks and the Federal Reserve. These are returns of contributions by individuals which have been deducted from our credit card merchant account or bank account by the credit card company or bank."]
["TEXT", "SA15", nil, "\"Regarding 'Asset Sales' reported on Schedule A supporting Line 15 of our report", " occasionally the RNC has used office equipment that we need to dispose of. This equipment may be sold in bulk to a commercial liquidation business or piece by piece to individuals. When this is done", " these items are reported as 'asset sale' and the price charged is such that they in no way constitute a political contribution. The used assets liquidated by sale to individuals or business are reported as 'Asset Sale' and are priced at fair market value. These items sold by the RNC are not unique to our business", " they are common items found in most business", " such as computers and cell phones. As such", " the market price for these items are determined by referring to internet auction sites or checking replacement values from retail sources.\" "]
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