Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 232.52

+0.1%

Dec 26 9:30 AM EST

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To: patron_anejo_por_favor who wrote (106884)	8/3/2000 12:41:39 AM
From: Glenn D. Rudolph	Read Replies (1) of 164684

The Amazon 10Q was released today. This was in the beginning and I do not recall it in the past: " Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates." I am very confused as to why revenues and expenses would need to be estimated. Either something was sold and paid for or it was not. The same goes for expenses. Assets are easily determined too. Oh well..

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