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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: BayPig who wrote (10025)	7/11/1998 11:25:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Also, does anyone know how AMZN accounts for the commissions paid to their associates? From their last filing, I get the sneaking suspicion that they are being accounted for as marketing expenses instead of cost of goods sold, thereby making their margins look better than they really are. Bay, Amazon has the most misleading accounting I have ever seen. Virtually all expenses are thrown into market. The commissions are in marketing as in the labor for fulfilling an order, the janitors salaries, the discount on charge cards to the banks, light bulbs, electric bills, phone bills, etc. Amazon wants the public to believe their lack of profit is strictly due to their marketing costs to make a name. If their accounting was done correctly, one could remove all market expenses and Amazon would still be losing money. Glenn