Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.60

+1.5%

Nov 25 3:59 PM EST

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To: Dwight E. Karlsen who wrote (31194)	12/25/1998 10:50:00 PM
From: getgo234	Read Replies (2) of 164684

Dwight: Thank you for your take on the accounting for the sale of gift certificates. If AMZN exceeded the Street's expectations for 4th qtr revenue without including sales of gift certificates they may very well want to record the sales in the 1st qtr when the certificates are redeemed so to minimize the sequential drop in sales in the first quarter which I suspect is inevitable. Thanks to you and Glenn for your insights on what I think is an important issue. ps It does sound like AMZN has some flexibility on when to record the sales- a rather enviable situation for a retailer especially one such as AMZN which as Glenn pointed out does not need to concern itself with federal taxes (having no income).

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