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

AMZN 229.12

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Nov 26 3:59 PM EST

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To: Glenn D. Rudolph who wrote (53616)	4/28/1999 10:37:00 PM
From: Keith J	Read Replies (1) of 164684

Glenn, The $ from the gift certificate sales go on the balance sheet, but not on the income statement until they are redeemed...why, because there is no cost of goods sold to associate with a gift certificate. Would distort earnings in both periods...when sold and when redeemed. KJ

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