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

AMZN 226.10

+2.5%

Nov 24 3:59 PM EST

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To: Glenn D. Rudolph who wrote (31141)	12/25/1998 2:33:00 PM
From: getgo234	Read Replies (2) of 164684

Glenn: How do you handle the accounting for the sale of gift certificates in December but the certificates are not utilized to purchase merchandise until January ? I suspect this will be a very big item for AMZN in the 4th quarter. If revenue from the sale of gift certificates is recorded in the 4th quarter but the expenses (cost of goods sold) are not picked up until the 1st quarter I would think the financial results for the two quarters could be significantly distorted. (Gross profits would be very high in the 4th quarter relative to the first quarter of 99). Your comments please. Merry Christmas.

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