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To: Boca_PETE who wrote (14748)	7/13/2001 5:34:08 PM
From: Skeeter Bug	Read Replies (2) \| Respond to of 42834

>>The arguments you raise in your post are specious and not relevant to the issue. It's a laughable stretch to talk about electric companies to accept stock in payment of electric bills when there likely are no such companies.<< pete, it is laughable for microsoft to do it. however, i recall a small, cash strapped outfit paying bills with stock. how should it be accounted? please don't duck, dodge, or otherwise run away from this again. how should it be accounted? btw, you DID save $50k by not buying a mercedes. the difference is that NOTHING happened by NOT buying a mercedes. this makes your comparison silly. however, if i OWNED a $50k mercedes (like msft OWNS their stock) and gave someone the option to sell it (like msft does) then i LOSE the value of the mercedes when sold. it is LOST in a REAL way, not a hypothetical way. if i was incapable of generating income and had no savings, i could starve to death if that mercedes was my only possession. but, that wouldn't be a real death, would it? ;-) the argument that the shares are struck at the current price so they have $0 value is absurd. they absolutely have time value, and the BILLIONS msft shelled out proves that time value can be quite lucrative. msft gives an asset to employees with some value. i agree the valuation part is a challenge, but not impossible to approximate. aapproximations are well established in accounting, eg, depreciation. noncash transactions are handled all the time in accounting.