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To: Don Lloyd who wrote (5527)	7/25/2000 5:31:23 AM
From: KeepItSimple	Read Replies (1) \| Respond to of 436258

>In my mind, however, I am (almost) never wrong. -g- You completely avoided the meat of the issue. If an option is not an expense, what is it? When amazon issued AMZN stock certificates in lieu of cash payment of any kind to a book wholesaler in north carolina for the greater part of the last 3 years, which provided upwards of 40% of amazons book inventory, what was it? Was it an expense? Was it charity whereby internet shoppers got merchandise that was DIRECTLY subsidized by eager stock buyer's money? Comon. Just answer this question. When amazon gave away shares to that supplier, where on the balance sheet should that have gone? What if every public company paid their bills with stock instead of cash? That would make earnings statements look absolutely FABULOUS for everyone! No company would ever show a loss! (even though amazon managed to do so) hint: it never appeared anywhere. only through statements filed with the SEC from the publisher did the public ever find out about this creative accounting. ASTOUNDING, really. Amazon was literally getting most of their inventory for free, yet they STILL couldn't turn a freaking profit! Unsurprisingly, their CFO was busy dumpings tens of millions of dollars worth of stock at the time to buy her kids braces and paint the garage, so it's understandable how she could let something like that happen.