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


To: Keith J who wrote (53695)4/29/1999 8:31:00 AM
From: Glenn D. Rudolph  Respond to of 164684
 
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.


You sure that is what Amazon did?